Power firms support shift to clean energy

    Energy companies expressed their support for the moratorium declared by the Department of Energy’s (DOE) on the approval of new coal power plants in the Philippines.

    DOE Secretary Alfonso Cusi issued an advisory following the agency’s most recent assessment calling for a shift to a more flexible power supply mix.

    For San Miguel Corporation’s part, President Ramon Ang said the company would cooperate with the moratorium but did not provide further details.

    Semirara Mining and Power Corporation (SMPC) Chairman Isidro Consunji, meanwhile, said the suspension would not affect their coal projects with permits.

    “It is hard to conclude long-term effect to electricity prices at the moment, but will probably go up,” Consunji added.

    Aboitiz Power Corporation also voiced its support for DOE’s efforts to make the Philippine energy system more efficient, resilient, and sustainable.

    “Aboitiz Power’s growth strategy for the next ten years remains the same, which is to significantly grow our renewables portfolio, Cleanergy. We have been a pioneer of renewable energy in the country,” company president Emmanuel Rubio said.

    Our diversification into thermal technologies was primarily driven by the country’s need for a reliable, accessible, and affordable power supply,” he added.

    Rubio explained that having the right balance between different energy sources is critical to solving the dilemma of energy security, equity, and environmental sustainability.

    He said the balanced strategy was at the heart of Aboitiz Power and would continue to fuel the company’s growth over the next ten years and beyond.

    “We remain committed to achieving our goal of a more balanced energy mix or an almost 50:50 Cleanergy and thermal capacities by 2030,” Rubio said.

    AC Energy Inc. President and CEO Eric Francia praised DOE’s move, saying that it is “a bold and progressive policy.”

    “Quite commendable as it demonstrates our government’s commitment to energy security and sustainability. AC Energy is fully supportive of Secretary [Alfonso] Cusi’s direction, and we will continue to scale up our renewable energy investments in the country,” said Francia.

    On the other hand, Meralco PowerGen Corporation said the moratorium would not affect its power projects as the company implemented high-efficiency, low-emission technologies.

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