General articles are free for 24 hours after publish.
Top Tycoons Vie for Waste-to-Energy Projects in Philippine Energy Auction
The Philippine Department of Energy has qualified 11 corporate groups for a special auction to build waste-to-energy (WTE) facilities. Notable bidders include firms backed by major conglomerates like Metro Pacific, Prime Infrastructure, and San Miguel, signaling a new phase in the country's energy transition and waste management.
MANILA, Philippines — The Department of Energy (DOE) has attracted 11 bidders, including firms backed by infrastructure giants, for its special auction for waste-to-energy (WTE) facilities. In a media briefing on Monday, Energy Undersecretary Rowena Cristina Guevara said that a total of 11 groups are qualified to join the WTE bidding round, covering 14 projects. The list includes three notable firms, including MetPower Venture Partners Holdings Inc. of Pangilinan-led Metro Pacific Investments Corp., which seeks to place one bid. The firm is building an integrated solid-waste management facility in Iloilo City. It likewise operates biogas facilities. Prime Integrated Waste Solutions Inc. of Razon-led Prime Infrastructure Capital Inc., meanwhile, is targeting to vie for one project. At present, it has two major automated materials recovery facilities in Cebu and Pampanga that can process 6,000 tons of solid waste per day. In addition, Pan Pacific Renewable Power Phils. Corp., an associate of Ramon Ang’s San Miguel Global Power Holdings Corp., is eyeing two projects. Other groups vying for the WTE auction include Manila Integrated Environment Corp., Green Atom Renewable Energy Corp., Lecra Eco Sustain Philippines Inc., International Solid Waste Integrated Management Specialist Inc., Forza Development Corp., North Maharlika Energy Corp., San Mateo Sanitary Landfill and Dev. Corp. and the City Government of Davao. WTE is the process of converting nonrecyclable waste into electricity or fuel. Under the DOE guidelines, only projects using municipal solid waste as fuel, without mixing it with other fuel sources, may join the auction. The DOE targets the installation of 400 megawatts, with commercial operations eyed between September 2028 and March 2029. The agency hopes to finish the auction by December. In May, the Energy Regulatory Commission said the approved green energy auction reserve (GEAR) price for WTE projects under a special power auction is P9.2959 per kilowatt-hour (kWh). The GEAR price serves as the maximum allowable bid rate in pesos per kWh. INQ
Original source
Inquirer Business