June 14, 2021 Read More →

Philippines considers converting Mindanao coal plants to renewables

Eco-Business:

The Philippine government is planning to convert coal plants into renewable energy power stations in Mindanao as part of the country’s transition to clean energy.

Finance assistant secretary Paola Alvarez said on Wednesday ( 9 June) that the department is now in talks with multi-lateral lender Asian Development Bank (ADB) to initiate a phase-out of coal power generation and determine the scale of resources needed to retire a “meaningful share of coal power in the Philippines”.

“We will acquire all coal-fired plants in the region and repurpose them as we increase renewable energy capacity,” Alvarez told panelists in a virtual roundtable discussion organised by the British Embassy in Manila.

The department of finance later told Eco-Business that the coal-fired power plants will be repurposed to renewable energy projects, but as the study is still in the proposal stage by the ADB, details will not become concrete until the third quarter of this year.

[Hannah Alcoseba Fernandez]

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