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23.3-MW power added in Bantayan Island
by Philippine Resources - November 15, 2021
Isla Norte Energy Corporation (INEC) inaugurates its first power plant in Bantayan Island on Nov.10, 2021. The diesel-powered plant has a total capacity of 23.3 megawatts. (Photo courtesy of INEC)
The Isla Norte Energy Corp. (INEC) inaugurated Wednesday the 23.3-megawatt (MW) diesel power plant in Bantayan Island, Cebu, providing additional power supply in the emerging tourist destination.
In a press conference, INEC president and chief executive officer Emil Andre Garcia said the increasing power supply in Bantayan opens greater opportunities for the island, especially for investments in the tourism sector.
“The beaches here are really beautiful. Once tourists come here, aside from the beaches, they want (a) steady supply of power, for the internet, aircon, etc. We’re hoping that with the steady supply, we can see that boom in the economy,” Garcia said.
The Energy Regulatory Commission (ERC) recently issued to INEC a Provisional Authority to Operate its first power plant in Bantayan.
INEC is a joint venture of Vivant Integrated Diesel Corp. and Gigawatt Power Inc.
“We eagerly anticipate the granting of provisional authority by the ERC, and look forward to powering the success of our partners,” Garcia said.
INEC will be supplying its output to Bantayan Electric Cooperative Inc. (BANELCO).
Of the total capacity, the Bantayan power plant guarantees 15 MW dependable capacity, enough to supply the peak demand in the island.
Some 7.27 MW will be reserved supply. Meanwhile, Garcia, who is also an executive at Vivant Corp., said Vivant is supporting the government’s push for renewable energy (RE) as the company eyes to build RE facilities in the future.
“We want to have at least 30 percent of our portfolio on RE. So over the next couple of years, we want to build over 300 megawatts of renewable plants,” he said. By Kris Crismundo
Article courtesy of the Philippine News Agency
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Marcelle P. Villegas - September 01, 2021
The 7th PH-EITI report, industry outlook transparency for oil, gas and mineral resources (Part 1)
The PH-EITI National Conference 2021 was held last July 29 with the theme "Resiliency in Transparency". PH-EITI or Philippine Extractive Industries Transparency Initiative, is a government-led, multi-stakeholder initiative that implements EITI. The initiative started on 26 November 2013 under Executive Order No. 147, series of 2013. It is a government commitment first announced through EO No. 79, s. of 2012. The initiative aims to promote the open, accountable management and good governance of oil, gas and mineral resources industries. The three-hour webinar/conference featured various keynote speakers. “This is the second year that we are holding this meeting online due to the pandemic. This underscores the exceptional circumstance under which we have to operate into the foreseeable future. Nevertheless, I congratulate the EITI for its efforts to organize this national conference and produce an annual report despite all the challenges.” This was part of the Opening Remarks given by Hon. Carlos G. Dominguez, Secretary of Department of Finance.
Philippine Resources - September 02, 2021
Gov’t gets P1.7-B royalty payment from integrated energy firm
The government, through the Department of Energy (DOE), has received nearly PHP1.7 billion in royalty payment from integrated energy company Semirara Mining and Power Corp. (SMPC) for the second quarter of the year. In a statement Tuesday, SMPC said this is the highest quarterly royalty payment to the government after the firm recorded a revenue of PHP14.8 billion from April to June 2021. SMPC’s revenue in the second quarter of 2021 was supported by all-time high coal sales and higher average selling prices. Of the PHP1.7 billion turned over to the government, PHP1 billion will go to the national government that can be used to fund programs to fight coronavirus disease 2019 (Covid-19). Some PHP666 million will go to local government units (LGUs) that host SMPC mine sites --PHP136 million for the province of Antique, PHP300 million for the municipality of Caluya, and PHP230 million for Barangay Semirara. Under the Local Government Code of 1991, host LGUs of petroleum, coal, geothermal, hydrothermal, and wind facilities shall receive 40 percent of the royalty proceeds. “The pandemic has taken a significant toll on our country. We hope that our contribution can help boost our government’s response against Covid-19,” SMPC president and chief operating officer Maria Cristina Gotianun said. SMPC is the country’s lone power producer that mines its own fuel source --integrating its coal mining and power operations to create a local value chain. Based on its website, SMPC generates 900 megawatts of power with an additional 1,200 MW of coal-fired power in the pipeline.
Philippine Resources - August 06, 2021
Law Establishing PH Energy Research Institute Inked
President Rodrigo Duterte has signed a law establishing the Philippine Energy Research and Policy Institute to enhance the country’s capability for energy research and policy development. Republic Act 11572, signed by Duterte on July 30, establishes the institute as an independent agency attached to the University of the Philippines (UP) with a separate budget from the premier university. Under the new law, an executive director to head the institute shall be a recognized expert in energy research and policy development with at least three years experience in the energy sector and shall have a strong organizational management background. The executive director, appointed by the UP President upon recommendation of the Executive Board, shall serve in full-time capacity for a term of five years which may be renewed. The institute’s Executive Board shall be composed of seven members comprised of the UP President as the ex-officio chairperson, and at least one representative from the fields of engineering, law, science, statistics, economics, social science, and public health, either from the academe or the private sector. Four members shall come from the academe, two members shall come from the private sector, while each representative shall come from different fields. Other members of the Executive Board shall be chosen by the UP President. Each member shall have a term of three years, which can be renewed for two more terms. The first two appointees from the academe and the first appointee from the private sector shall have a term of two years, which can be renewed for two more terms. The Executive Board may invite the secretaries of various government agencies as well as legitimate consumer and advocacy groups as resource persons during its meetings and deliberations. The institute shall support further education and training for its officers and employees to include advanced degree studies, short-term programs, online courses, and participation in conferences. Research papers, data, and other resources shall be made available to the public through its website. However, proprietary or confidential data and other resources cannot be posted or disclosed unless prior consent of the source or owner of such data and resources has been obtained by the requesting party. A Special Account in the General Fund (SAGP) for energy research, which shall be maintained and managed by the Bureau of Treasury, shall be established to support the research undertaken by the institute. The SAGF for energy research shall recognize and accept grants, contributions, and donations collected for energy research. A total of PHP200 million will be appropriated out of the General Appropriations Act (GAA) for the initial operating fund of the institute. Such amounts necessary for the sustainable operations of the institute shall be appropriated from the GAA based on the annual financial plan approved by the Executive Board and submitted to the Department of Budget and Management. Government agencies concerned are authorized to include in their respective annual budgets such necessary amounts as their contribution to the funding of certain research activities in the institute. Within 90 calendar days from the effectivity of the act, the UP, in consultation with the members of the academe, and other public and private stakeholders shall promulgate the necessary implementing rules and regulations of the act subject to the approval of the UP Board of Regents.
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Philippine Resources - September 27, 2022
PH-EITI holds first meeting under Marcos admin, approves plan to improve multi-stakeholder engagement in the extractives
Photo credit: PH-EITI The Philippine Extractive Industries Transparency Initiative (PH-EITI) convened its first Multi-Stakeholder Group (MSG) meeting under the Marcos administration on Friday (September 16), two weeks after the country reaffirmed its commitment to implement the EITI. EITI is the global standard for transparency and accountability in the oil, gas, and mining sectors. The MSG – the body that governs EITI implementation in the country – is chaired by the Department of Finance (DOF) and composed of representatives from government, industry, and civil society. The government began implementing the EITI in 2013 pursuant to Section 14 of Executive Order No. 79, s. 2012 and Executive Order No. 147, s. 2013 that created the PH-EITI. “This meeting demonstrates the government’s continuing commitment to improve transparency and accountability in the extractive industries,” said Finance Undersecretary and PH-EITI Focal Person and Chair Cielo Magno. To improve resource governance, the MSG agreed to strengthen spaces for multi-stakeholder participation and advocate for more spaces along the extractive industry value chain. The group also agreed to include an MSG report on the status of civic engagement in the annual country report. The MSG also discussed remaining initiatives for 2022, including the production of the FY 2021 PH-EITI Country Report, the 2022 National Conference, and a planned visit of EITI Chair and former New Zealand Prime Minister Helen Clark to the Philippines in November 2022. The PH-EITI publishes independently reconciled data on oil, gas, coal, and mineral resources through an annual and comprehensive country report. To date, the PH-EITI has produced seven country reports, reconciling over P362.5 billion in government revenues from extractive projects from 2012 to 2019. Aside from disclosing extractives data to inform research and policy recommendations, the PH-EITI also provides space for multi-stakeholder participation in resource governance. Article courtesy of the Department of Finance
Philippine Resources - September 27, 2022
Marcos admin commits to transparency and good governance in the extractive industries
Photo credit: EITI / CC BY-SA The Marcos administration demonstrated its commitment to pursue transparency in natural resource governance by rejoining the Extractive Industries Transparency Initiative (EITI) and enabling the continued development of the mining sector. In a letter to EITI Chair and former New Zealand Prime Minister Helen Clark, Finance Secretary Benjamin Diokno cited the value of good governance and anti-corruption measures in maximizing the extractive sector’s contribution to resource mobilization and sustainable economic growth. EITI will complement the administration’s agenda on transparency and accountability. “We welcome the opportunity to re-engage in EITI. We also commend the progress of the EITI Board in reviewing the validation standard and making it more relevant to implementing countries. We believe that EITI is an important tool for resource-rich countries like the Philippines to improve transparency and increase accountability in the management and governance of the extractive industries,” said Secretary Diokno. Secretary Diokno said that other government agencies, as well as industry and civil society stakeholders who have been actively implementing EITI in the country, are supportive of the move to rejoin the global initiative. On June 20, 2022, the Philippines through the Department of Finance (DOF) withdrew its participation in the EITI over concerns on metrics and procedures used for assessing country compliance with the international organization’s transparency requirements. In an August 23, 2022 letter, EITI Chair Helen Clark invited Secretary Diokno to re-state the country’s commitment to the EITI on behalf of the Marcos administration and build on the progress that the Philippines has achieved in the past nine years. The PH-EITI multi-stakeholder group is chaired by the DOF and is composed of representatives from government, industry, and civil society. The government began implementing the EITI in 2013 pursuant to Section 14 of Executive Order No. 79, s. 2012 and Executive Order No. 147, s. 2013 that created the Philippine EITI (PH-EITI). Annual disclosure of contracts, financial, economic, social and environmental data is mandatory for extractive industries pursuant to the Department of Environment and Natural Resources (DENR) Department Administrative Order (DAO) No. 2017-07. To date, the PH-EITI has produced seven country reports, covering data from mining, oil, gas, and coal industries and reconciling over P362.5 billion in government revenues from extractive projects from 2012 to 2019. In 2017, the Philippines was recognized by the EITI as the first among 50 plus countries in the world to have fully complied with the 2016 EITI Standard. The EITI updates its standard every three years and subjects member countries to validation to ascertain their compliance. Secretary Diokno said that the Marcos administration is committed to engage and unite various stakeholders in pursuing good governance and policy reforms in the country. “Rest assured that we remain committed to pursuing good governance in the extractive sector,” said Secretary Diokno. Article courtesy of the Department of Finance
Philippine Resources - September 26, 2022
Metro Manila Subway project nominated for int’l digital awards
Artist rendering of the Metro Manila Subway (Photo courtesy of DOTr) The Metro Manila Subway Project (MMSP) has been named as one of the finalists at the 2022 Going Digital Awards in Infrastructure for the best use of infrastructure software to save both time and money. The Department of Transportation (DOTr) said the general consultant for the MMSP Phase 1, the Japanese consortium Oriental Consultants Global (OC Global), developed a common digital engineering system and a “single source of truth” using ProjectWise and ComplyPro -- both programs by Bentley Software Inc. The MMSP, the DOTr said, presented communication and coordination challenges that other software programs failed to address. “The project team at OC Global realized that the implementation of collaborative BIM workflows, proactive risk management, and cost monitoring would require a connected data environment to be established,” it said. The system developed by OC Global for the MMSP enabled real-time data sharing that optimized collaboration -- saving an estimated 5,000 resource hours within the project’s first six months. “Combined with SYNCHRO for construction simulation, Bentley’s integrated technology solution identified and resolved 50 clashes, eliminating rework, shortening the project schedule, and saving costs. The successful BIM (Building Information Modeling) implementation has already achieved a return of investment of over USD600,000,” it said. The Going Digital Awards in Infrastructure is an annual event meant to honor Bentley software users for advancing infrastructure design, construction, and operations worldwide. The event’s finalists are deemed to demonstrate “excellence and digital advancements” in their respective award categories. The award winners will be announced during the program’s main event in London on Nov. 15. By Raymond Carl Dela Cruz Article courtesy of the Philippine News Agency
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