- Asia’s largest mining investment forum now on its 12th year
- PH’s Ayala, Singapore’s TBC in 1.5GW wind power play
- Large-scale mining helps town income zoom 6,000%
- Is the Philippines protected against a financial crisis?
- PH opens oil, gas investment benchmarking talks with Indonesia
- 9 suspended mines can resume work if conditions met
- Is mining taxation’s purpose to create more taxation?
- 12 mining firms fail DENR review
- DoE to launch new energy contracting round this week
- PH, Papua New Guinea to launch joint economic, trade committee
Biomass, hydro perks extended by DOE
The Energy Department will extend the installation target for the availment of feed-in-tariff rates by biomass and run-of-river hydro projects for another two years, a top official said.
Energy Secretary Alfonso Cusi said he was verifying some numbers before signing the extension of the feed-in-tariff for the renewable projects, Manila Standard reported Jan. 14.
“For biomass and hydro, we are positively looking at extension for FIT…for existing projects only. New projects will not be able to make it anymore,” he said.
The installation target for two renewable energy technologies expired in December. “It’s in the table already, for signing. I just want to make sure that there is no misunderstanding,” Cusi said.
“We are tallying the numbers to make sure there is no misunderstanding. The remaining available capacity, I want to make it very clear to me and everybody,” he said.
Cusi said around 100 megawatts of the biomass installation target was still unsubscribed. “So I had it included in the DoE list. We have a very clear list for both biomass and hydro. Around two years extension. We want to be fair to all,” he said.