Author Archive: Sara Jane Ahmed

Former IEEFA Energy Finance Analyst Sara Jane Ahmed is the author of several studies on island grid transition, coal stranded asset risk, and rooftop solar. She is a former investment advisor specializing in originating and structuring energy opportunities in emerging markets.

IEEFA report: Bangladesh’s power system headed for financial disaster due to overcapacity in coal, LNG power

Investments in renewable energy and grid are needed to meet lower-than-expected demand slowed further by COVID-19

18 May 2020 (IEEFA Australia) ‒ Bangladesh’s plan for significant coal- and LNG-fired power plant additions will lock the nation into substantial overcapacity, with major financial implications, according to a new study released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The coronavirus pandemic is currently lowering power demand significantly in Bangladesh, […]

IEEFA: Philippines Central Bank offers new support for energy transition and renewables

The Sustainable Finance Framework promotes compliance with environmental, social and governance (ESG) standards

May 7, 2020 (IEEFA) – The Philippines’ Central Bank (Bangko Sentral ng Pilipinas) has approved a Sustainable Finance Framework to safeguard the financial system from the evolving material hazards from climate change and energy transition risk including stranded assets, the Institute for Energy Economics and Financial Analysis (IEEFA) reports in a new briefing note. “COVID-19 […]

IEEFA Philippines: Conglomerate Ayala to finalize coal exit plans by 2025

Full divestment to be completed by 2030

Today, we are in uncharted territory. The coronavirus pandemic and ensuing economic lockdown has caused massive global disruption and uncertainty that will continue for many months and will have implications for economic growth, the financial well-being of governments, and private and public investments. Despite the turmoil, global capital including banks, insurers and asset managers are […]

IEEFA update: Southeast Asian power companies are shifting towards renewables

Solar, geothermal and wind are spreading as financing moves away from coal

The rapid drop in the cost of renewable energy is reshaping the world’s energy systems. As part and parcel of this shift, a new landscape is emerging among finance and power companies. Southeast Asian conglomerates, such as Ayala, are at the forefront. Global capital markets are exiting coal plants used to generate electricity in terms […]

February 27, 2020 Read More →

IEEFA update: Is coal dying, or already dead in the Philippines?

Policymakers need to address stranded asset risk

Yes to the first question, and a nuanced no to the second. Philippine President Rodrigo Duterte said in his State of the Nation address last year: “We recognize the urgent need to ensure the sustainability and availability of resources, and the development of alternative ones. In this regard, I trust that [Energy Secretary Alfonso] Cusi […]

IEEFA update: China’s state grid group triggers oversight controversy in the Philippines

Seen as potential reference case for Southeast Asian neighbors

The Philippines has long welcomed foreign investment in the power sector. It is one of the earliest Asian markets to encourage foreign investment in independent power producers, and political leaders and local companies have often helped foreign companies navigate the regulatory landscape. This formula may be due for a test however, if recent disclosures about […]

February 18, 2020 Read More →

IEEFA Philippines: Auctions can transform the competitiveness of the power sector

Green Energy Tariff Program a catalyst for huge new renewable energy investment

February 13, 2020 (IEEFA Philippines) – The Philippines could attract USD 20 billion of renewable energy investment over the next decade through the use of auctions in and beyond the Department of Energy’s proposed Green Energy Tariff Program, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Paying Less for […]

IEEFA report: Philippine energy outlook reflects shifts in rules, risk, and demands for change

Utility giant Meralco could emerge as innovator or damaged laggard

September 18, 2019 (IEEFA Asia) – The Philippine energy sector is grappling with changes at the national and global levels generated by increased demands for transparency in bidding and pricing while reducing climate risk and avoiding stranded assets, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The […]

IEEFA report: The Philippine energy transition

Efforts needed to attract investment and reduce electricity prices

MANILA, March 12, 2019 (IEEFA) — Electricity prices in the Philippines are the highest in South East Asia and utilities rely excessively on imported coal and diesel, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The IEEFA report, The Philippine Energy Transition, Building a Robust Power Market, attributes […]

IEEFA Philippines: Consumers should not pay the price for risky coal deals

Regulators need to protect local businesses and ratepayers

MANILA – The rapid drop in the cost of renewable energy has opened new possibilities in energy systems around the world, including the Philippines. Coal has become toxic, both in terms of its high cost to consumers and the environment, as well as the negative financial consequences for banks and investors. In India, China, Malaysia, and, most […]

February 21, 2019 Read More →