Philippines: Visayan Electric sees 'balanced energy mix' as key for growth

Philippines: Visayan Electric sees 'balanced energy mix' as key for growth

While more than 50 percent of the Visayan Electric Company's (VECO) power
supply comes from renewable energy (RE), VECO Chief Operating Officer Anton
Perdices stressed that to provide reliable and competitively priced power,
VECO has to maintain a balanced mix of generation sources.

Perdices said that RE sources lessen the country's dependence on imported
fossil fuels and help mitigate the effects of climate change. "In the long
term, RE is cheaper than fossil-based technologies but the initial
investment into RE is high at present," he said.

He pointed out that RE has its disadvantages. He said that some types of RE
are location-specific, like geothermal and hydro. Solar and wind power
farms, on the other hand, cannot provide baseload power due to reliability
issues.

"A balanced mix of renewable and thermal energy sources can address the
different levels and patterns of power demand in the most efficient and
cost-effective way," he said.

VECO's peak demand in 2016 was 524 MW, of which 50.47 percent come from
mostly geothermal sources in the Visayas. VECO, a joint venture of
AboitizPower and Vivant Corp., distributes electricity to Metro Cebu towns
and cities.

Perdices joined former environment secretary Regina Lopez who gave the
keynote address during the SwitchPH Renewable Energy Summit at the
University of San Carlos-Talamban Campus in Cebu City held last June 29.

Officials from Greenpeace, Climate Reality Project Philippines, industrial
solar providers, and the Cebu provincial government also presented success
stories and initiatives in RE during the summit.

Lopez said she understands the reservations of VECO and the industrial
sector on RE. She said though that several countries have succeeded in
switching fully to RE like Uruguay and Costa Rica.

"Transitioning to RE is good and beneficial and it is a sound investment. If
we work together, we can fight climate change," Lopez urged more than 400
students, business leaders, local government officials and NGO
representatives in the summit.

Rodne Galicha, Climate Reality PH country branch manager, urged Cebu to lead
the rest of the nation in saying "no to coal."

The Philippines derived 32 percent of its power supply from RE in 2015.
Around 20 percent of the global supply for power comes from RE.

Together with its partners, AboitizPower has a net sellable capacity of
3,954 MW, of which 32 percent or 1,263 MW comes from RE. The RE capacity
will grow further with the completion of the 69-MW run-of-river Manolo
Fortich hydropower project in Bukidnon, the 8-MW Maris Canal hydro project
in Isabela, and the 8.8-MW biomass facility in Lian, Batangas through
subsidiary Aseagas.

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Link to Original Article: http://www.pna.gov.ph/articles/998487

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com