Following the directives of President Marcos, Department of Energy are encouraging and promoting investments in energy industry including renewable to address country’s insatiable demand for electricity due to rising manufacturing industry, growing population and digitalization which causes the thinning of country’s energy reserve.
DOE and current administration are pushing all efforts to increase renewable energy mix with attractive policies, incentives and including full ownership to foreign investors on renewable energy projects to support Country’s energy plan till 2040 tapping all operating and future power plants to harness all available energy resources in the country.
Coal power plant remain as biggest contributor in the country energy mix and still finding ways to increase electricity generation while minimizing environmental impact with the help of latest technology, practices and equipment.
2nd biggest contributor in country energy mix is large scale hydropower and geothermal power plant, last year DOE promoted 22 predetermined area to prospective bidders to increase energy generation from the two. Additional LNG power plant and revival of nuclear power plant are in the discussion as part governmentaction plan to answer tight power supply and the impending energy crisis.
Mykar’s Philippine Power Plant Energy Summit aims to bring government authorities, energy stakeholders, experts, investment companies, contractors and selected solution provider to address this issue, discuss policy, incentives, opportunities, challenges regarding Philippine Power plants; most importantly to promote latest solutions, technology innovations and practices to further improve powerplant performance, safety, exploration, operation, sustainability and more.