DOE still keen on conducting 3rd round of clean energy auction

Quick Summary:

The Department of Energy (DOE) remains hopeful that the third round of green energy auction would still happen this year after Malacañang appointed an officer-in-charge for the Energy Regulatory Commission (ERC), which determines the ceiling price for the auction.

We’re really working hand-in-hand with government to make sure that GEA 3, GEA 4, and future GEAs will take place,” said Alternergy president Gerry Magbanua.

The Asian Development Bank and the DOF are helping the DOE craft the mechanics and review the applications of interested geothermal firms.

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Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: Philippines

Topics: Prices Capongcol Green Solar Gea3 Magbanua Storage Energy Geothermal Year Auction

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-29 @ 16:06:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 700 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 30 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 22774219

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