Leading renewable energy firm Energy Development Corporation , a subsidiary of Lopez-led First Gen Corporation, will be supplying RE-generated electricity to Bohol province for the next 10 years.
As calculated by EDC, the generation charge for its contract with the Bohol power utilities will be at approximately P4.70 per kilowatt hour – and that will be the pass-on rate once the contract commences by January 2024. Under the terms of the bidding, the Bohol power utilities solicited a “baseload power supply from a renewable energy source and an in-island backup power to ensure that Bohol will have a steady 24/7 supply of electricity even if it gets isolated from the grid.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippines, ASEAN must tap solar, wind to meet rising electricity demand — reportCountries in Southeast Asia, including the Philippines, must ramp up solar and wind capacities to meet the rising demand for electricity and avert more carbon emissions from the power sector, according to a new report.
Source: gmanews - 🏆 11. / 68 Read more »
Tech upgrades seen required to close 40% yellow corn supply-demand gap - BusinessWorld OnlineThe yellow corn industry is in need of technology upgrades in order to bridge the supply-demand gap, according to a roadmap for the industry issued by the Department of Agriculture (DA). READ:
Source: bworldph - 🏆 9. / 68 Read more »
Senate sets probe into Occidental Mindoro’s power supply anomaly | Butch FernandezSenate probers are poised to mount an in inquiry into Occidental Mindoro’s recent power supply anomaly, even as the province’s vital electric supply was already restored following a three-day blackout starting last June 25. Sen. Sherwin T. Gatchalian said he was prompted to press for a Senate investigation in order…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Mitsui, Mitsubishi shares slide after Medvedev threat on gas, oil supplies - BusinessWorld OnlineTOKYO – Shares in Japanese trading firms Mitsui & Co 8031.T and Mitsubishi Corp 8058.T tumbled on Wednesday after former Russian president Dmitry Medvedev made comments threatening the loss of oil and gas supply to Japan. Read full story Mitsui shares had lost 5.7% while Mitsubishi shares were down 5.4% by the midday break. Japan […]
Source: bworldph - 🏆 9. / 68 Read more »
Gatchalian eyes probe on Occidental Mindoro power supply woes - BusinessWorld OnlineA SENATOR, who used to chair the chamber’s energy committee, seeks a probe on the repeated power interruptions in Occidental Mindoro, with one recent incident leaving the province without supply for three days.
Source: bworldph - 🏆 9. / 68 Read more »
5150 bidders seek ultimate prize: Ironman Cebu | BusinessMirrorA NUMBER of tri-sport athletes in the Sun Life 5150 unfolding Sunday are vying in the Olympic distance race in Panglao in Bohol to hone and toughen up for the grueling Ironman 70.3 slated in Cebu next month. The long hiatus due to pandemic has created a split effect on…
Source: BusinessMirror - 🏆 19. / 59 Read more »