DoE optimistic on renewable energy
Friday, April 06, 2007
By MYRNA M. VELASCO
At the height of its invitation for investments in new power projects, the Department of Energy (DoE) is similarly encouraging private investors to consider putting in their money for the commercial development of renewable energy sources.
Though these renewable-run power facilities cannot be designed as baseload, Energy Secretary Raphael P.M. Lotilla is placing much hope that these will be a great help in meeting the country’s future electricity demand.
The value-creating factors given weight by the energy department are the potential of these energy resources to help abate the world’s worsening dilemma of global warming and climate change.
Alongside government call for fresh round of capitals for power projects running on the more traditional fossil fuels, like coal and oil, Lotilla stressed that the government would also want to see an increasing share of renewables in the energy mix.
"With the country’s abundance of renewable resources, the private sector investors can tap and develop such resources so that we don’t have to rely entirely on imported fossil fuels to power the country’s development," the energy chief added.
The DoE-designed power development plan forecasts capacity addition in Luzon by 2010; Visayas by 2011 and Mindanao by 2009.
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