The Department of Energy responds to recent graft allegations by clarifying the parameters of the Coal Moratorium Policy. The Coal Moratorium Policy issued in December 2020 is not a total ban, according to the Department of Energy-Electric Power Industry Management Bureau (Power Bureau). Not included in the policy are the following: operational and existing coal-fired […]
The Philippines had the fastest-growing economy in 2023 among the Association of Southeast Asian Nations (ASEAN) according to the International Monetary Fund (IMF). Based on the latest World Economic Outlook, the IMF forecasts a 6.2 % gross domestic product (GDP) growth rate for the Philippines this year, second only to the 6.5% forecast for India. […]
Cebu is surpassing all regions in terms of economic growth but it is lacking in energy security. According to the latest data from the Department of Energy (DOE), Central Cebu experienced a growth of 7.3% in 2023. Cebu maintains its title as the wealthiest province for the ninth year in a row. The growth is […]
Key Takeaways: An expansion of AboitizPower’s current coal power plant in Toledo City is poised to fill Cebu’s power supply needs. Its construction hovers close to the horizon, eyeing an early 2025 start. This comes as optimistic news delivered by AboitizPower Thermal Business Group’s chief operating officer Ronaldo Ramos at the “Good Design, Good Business […]
Key Takeaways: Central Visayas is one of the country’s 17 fastest-growing economic regions in 2023, with a cumulative growth rate of 7.3%. Thanks to Cebu’s solid infrastructure and thriving industries such as tourism and business process outsourcing (BPO), the region attracts investments and contributes to our country’s GDP. A region that grows this rapidly requires […]
Ronaldo Ramos, COO of AboitizPower Thermal Business Group, notes the contingency of Cebu’s rapidly advancing economy on the security of its energy during the “Good Design. Good Business Summit” of the Cebu Business Months 2024. Aboitiz Power (AP) eyes 2028 for the completion of their third coal plant in Toledo City, with construction to begin […]
Cebu’s rapidly growing economy calls for a long-term sustainable power supply as the demand for electricity continues to skyrocket, according to an industry expert. At a forum on June 14 2024 organized by the Cebu Chamber of Commerce and Industry as part of the celebration of Cebu Business Month 2024, Ronaldo Ramos, chief operating officer […]
Overview Cebu, one of the progressive provinces in the Philippines, is rapidly expanding. This rapid development, however, faces a significant hurdle: energy insecurity. As the demand for electricity in the region grows each year while the supply fails to keep up, the future of sustainability is in danger. The Growth Trajectory Cebu has long been […]
As the Philippines takes steps to secure its power supply in the short and medium term, Cebu, the country’s fastest-growing economic hub, is also gearing up to meet the energy needs of its burgeoning IT-BPM, Tourism, and Manufacturing sectors. During a recent energy forum in Makati City, Energy Secretary Raphael Lotilla highlighted the Department of […]
The Energy Regulatory Commission (ERC) aims to restart the commercial operations of the reserve market by the end of this month. “We are hopeful for that. The resumption is always linked to the billing cycle, which spans from the 26th of the month to the 25th of the following month,” ERC chairman and CEO Monalisa […]
