Baseload power sites exempted from coal ban may access funds

Quick Summary:

BASELOAD power facilities that are exempted from the coal moratorium can secure financing at more favorable terms if a certification from the government is secured.

Recently, the Coalition for Emerging Market Infrastructure Investment (CEMII) was eyeing the Philippines to be the focus market for energy investments among the Indo-Pacific Economic Framework (IPEF) economies.“Well, of course, if we can get the total of $25 billion, yes, we should aspire for that.

So far, the DOE has recently issued certifications to the coal plants of GN Power Dinginin’s 1,336 megawatt (MW) and the 270MW coal power project of FDC Misamis Power Corp.(FDC-MPC).

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: PhilippinesIndonesiaSingapore

Topics: Committed Moratorium Fossil Projects Financing Lotilla Coal Energy Power Percent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-04 @ 14:19:23 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 807 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22882019

View Article Analysis

About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 45 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions