25% more firms want in on Mindanao’s RE

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APPLICATIONS for renewable energy (RE) projects in Mindanao posted a 25.64-percent increase so far this year.

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The One Stop Facilitation and Monitoring Center (OSFMC), which handles the fast tracking of pending RE projects in Mindanao received 59 new applications, on top of the 290 applications with a combined capacity of almost 3,000 megawatts (MW).

Last month, the center reported 231 applications with a combined capacity of 2,419.17 MW.

The additional applications will have a combined capacity of 578.92 MW once completed and fully operational.

Romeo Montenegro, director for Investment Promotions and Public Affairs Office of the Mindanao Development Authority (MinDA) said the applications include hydro, geothermal, solar, and biomass projects.

He said the bulk of the pending RE power project applications however is in hydropower with 242 projects and a combined potential capacity of 2,147.71 MW.

Montenegro, who oversees the operations of the OSFMC, said the majority of the hydropower projects are in Northern Mindanao.

He said the power supply mix in Mindanao will shift to 45 percent RE and 67 percent non-renewable energy, from the current 55 percent RE and 33 percent non­RE, starting in 2017.

“The OSFMC ensures that facilitation and the fast tracking of these energy projects are given utmost importance in order that Mindanao will continue to enjoy an affordable, reliable, and clean energy source,” Montenegro noted.

Among the hydropower projects still pending are the 140 MW Davao Hydroelectric Power Project of the San Lorenzo Ruiz Builders and Developers Group Inc. in Davao City, the 110 MW Kabulnan 2 Hydroelectric Power Project of Philnewriver Power Corp. in Isulan, Sultan Kudarat.

The 50 MW Lake Dapao Hydroelectric Power Project, and the 50 MW Maltling River Hydroelectric Power Project of the AQA Global Power Inc. in Lanao del Sur are also still being processed.

The OSFMC recorded 28 pending projects for solar energy with a combined potential capacity of 427.25 MM, and eight geothermal energy projects with a potential capacity of 278.48 MW.

The biomass projects recorded by the OSFMC have a combined capacity of 144.65 MW.

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