Energy
From The Report: The Philippines 2017
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With the power segment poised to rebound while the oil and gas segment struggles to keep pace with surging demand, the Philippine energy sector is very much in flux. However, years of significant investment in power are now beginning to bear fruit, with thousands of megawatts of new capacity slated to come on-line over the next decade. The arrival of this new electricity supply, in the form of both conventional and renewable sources, should have a substantial effect as the Luzon grid moves from the brink of rolling blackouts during peak summer months to a well-supplied and balanced market. Still unconnected from the Visayas and Luzon grids, the long-neglected Mindanao power system is also experiencing an unprecedented expansion of capacity, which should provide an ample power supply for the foreseeable future.

This chapter contains interviews with Guido Alfredo Delgado, President and CEO, Emerging Power Incorporated; and Albert D Altura, President, AG&P.

Articles from this Chapter

Overview

Seeking balance: While electricity supply surges to meet demand, companies struggle to find domestic hydrocarbons sources
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With the power segment poised to rebound while the oil and gas segment struggles to keep pace with surging demand, the Philippine energy sector is very much in flux. However, years of significant investment in power are now beginning to bear fruit, with thousands of megawatts of new capacity slated to come on-line over the next decade. The arrival of this new electricity supply across the country, in the form of both conventional and renewable sources, should have a substantial effect as…

Interview

A fresh outlook: Guido Alfredo Delgado, President and CEO, Emerging Power Incorporated, on keeping renewable energy obstacles in perspective
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Interview: Guido Alfredo Delgado To what extent is renewable energy cost competitive compared to conventional energy? GUIDO ALFREDO DELGADO: Together with other sources of renewable power, wind provides a clean source of energy on a 24/7 basis. Albeit intermittent, combined with solar or even natural gas, wind may be designed in some hybrid fashion to provide the stable power that the system needs. Similarly, the sun is the planet’s single greatest source of energy as the solar power that is…

Interview

Power play: Albert D Altura, President, AG&P, on the future of energy infrastructure in the Philippines
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Interview: Albert D Altura What distinct advantages and challenges does liquefied natural gas (LNG) offer? ALBERT D ALTURA: With volatile oil prices, gas has become the fuel of choice as it offers greater price stability in the long term, especially for power generation. LNG is the cleanest fossil fuel for power generation, as it emits fewer greenhouse gases and 50% less carbon dioxide. The production and transport of LNG also uses less energy than other fossil fuels, like heavy fuel oil (bunker)…

Analysis

Rising to the surface: Local companies seek to realise untapped potential
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As demand for energy continues to rise in conjunction with the growing economy, the Philippine upstream oil and gas segment is struggling to bring new domestic sources of hydrocarbons to the market. With the country’s most productive legacy fields now past their prime, investment is needed to tap into new fields and curtail the steady decline in domestic production. New Horizons As of late 2015 the Philippines still showed substantial untapped energy potential, with combined reserves…

Analysis

Back in business: Development in Mindanao spurs growth in the power segment
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Higher power demand and a more stable political and social climate in the Luzon and Visayas regions have largely driven electricity development in the Philippines in recent decades, with these areas easily outpacing the more isolated island of Mindanao in terms of the expansion of power generation and distribution capabilities. In terms of economic growth and industrial power usage, Mindanao has historically lagged behind the more powerful economic engines to the north – a situation that…