Lotilla: Ban on new coal plants stays

The Department of Energy (DOE) won’t lift the ban on new coal power plant projects to ensure consistency of policies to attract more investments into the country.

In October 2020, former Energy Secretary Alfonso Cusi declared a moratorium on the development of greenfield or new coal power plants.

“The moratorium on building new coal-fired power plants has been set, and I do not believe in completely changing policies and therefore sending mixed signals to investors. Market behavior is not favoring the construction of more coal plants. Insurers do not want it. Investors also find it difficult to support it,” said Energy Secretary Raphael Lotilla.

“We have to be more considerate and consistent to investors because they get signals from government. Especially both foreign and domestic investors do not make distinctions between one administration and another,” Lotilla said.

He said the country needs all available power from different sources, but there must be “consistency in terms of core policies.”

Iloilo goes green

Realizing the multiple benefits it could reap from renewable energy (RE), the provincial government of Iloilo issued an ordinance that will help it achieve energy self-reliance.

Big firms SM Group, Ayala save grid from red alerts

Manila Electric Co. said 72 business establishments enrolled under the Interruptible Load Program (ILP) enabled the continuous supply of electricity in its franchise area when the Luzon grid was placed on red alert recently.