Jakarta, CNBC Indonesia – One of the largest power plants in the Philippines, San Miguel Corp., announced it would discontinue new coal projects from its expansion plans. This is done in order to prepare for the transition to low-carbon energy in the future.
“It’s not easy because [Filipina] still heavily reliant on reliable and affordable traditional power sources,” San Miguel Corp President Ramon Ang said in a Facebook post on Saturday (10/7).
Nonetheless, San Miguel Corp remains confident it can make the transition through collaboration and new technologies, he said.
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Photo: San Miguel Corp San Miguel Corp- – |
Reporting from Bloomberg, in April, San Miguel said it had spent more than US $ 1 billion or equivalent to Rp. 14.5 trillion (exchange rate 14,500 billion) to build 31 battery energy storage facilities simultaneously with a total capacity of more than 1,000 megawatts (MW). .
San Miguel Corp. accounts for 20.7 percent of installed power generation capacity in the Philippines, slightly less than Aboitiz Power Corp. which accounts for a total of 21.3 percent, according to Philippine government data.
The Philippine Department of Energy at the end of 2020 announced a moratorium on support for the construction of new coal-fired power plants (PLTU).
This decision was taken as the Philippines seeks to shift to a more flexible electricity supply and reduce its greenhouse gas emissions by 75% by 2030.
A Department of Energy report last October also noted that the Philippines still relies on coal-fired power plants, which account for 41 percent of total capacity. Renewable energy sources contributed 29%, while oil and natural gas accounted for 17% and 13%, respectively.
Then how about domestic power plants in Indonesia?
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