Assistant Secretary Romeo Montenegro, deputy executive director of Mindanao Development Authority (MinDA), disclosed on Wednesday that there are 400 megawatts (MW) committed and 1,600 MW indicative…
Assistant Secretary Romeo Montenegro, deputy executive director of Mindanao Development Authority , disclosed on Wednesday that there are 400 megawatts committed and 1,600 MW indicative renewable energy projects for Mindanao.
“As of the latest figures by the Department of Energy , we have about 400 MW of committed RE applications. Pag sinabing committed there is already financial clausing but the proponents are just waiting for some approvals in terms of permits. Kasi for instance as I explained several times before when it comes to hydro you have to go through several permitting processes. if it is in the mountains you have to go through the Indigenous Peoples’ cooperation and consent.
“There is also what we called indicative meaning gina-apply pa lang sa DOE and recorded na with DOE but wala pang financial clausing, which is you have not yet signed an agreement with financial institutions such as the banks that will provide money to build your powerplants. That is about 1,600 MW in Mindanao,” he added.
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