By Digna D. Banzon
The Davao City Investment and Promotion Center (DCIPC) is receiving numerous queries on power generation investments, particularly on solar power.
DCIPC head Ivan Cortez said the queries are referred either to Davao Light and Power Company (DLPC) which supplies the city’s power or to the Mindanao Development Authority (MinDA) which is hosting a one-stop-shop on generating investments in power.
For his part, MinDA director for investments and public communications Assistant Secretary Romeo Montenegro said Davao City in particular and Mindanao in general must prepare to fill the gap of the power supply requirements five or 10 years from now.
“There is a need for new investors,” he said.
At present, there are several power projects that will be available starting next year, he added.
Montenegro, however, said the power supply in the coming years will not be enough because of the fast economic growth of Davao City.
He enumerated several capacities that will be commissioned soon, like the 300 megawatt (MW) coal-fired power plant of AboitizPower, 200 MW of the Alcantara group, and 405 MW by Filinvest.
Montenegro said there is also a plan to increase the 600 MW of San Miguel Corporation to 1,000 MW, and another 540 MW project by GN Power in Kauswagan by the Ayala Group.
“This will provide Mindanao with a reliable power supply starting next year,” he said.
Montenegro said MinDA is working closely with the Department of Energy (DOE) to promote the coming in of new capacities to address the power supply problem in Mindanao.
He said MinDA is also promoting alternative sources of energy “and hopefully by 2025 there will be shift on the mix capacities where renewable energy dominates the provider of power here.” (PNA)
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