10 August 2011 in Business World
Biomass energy firm pushes for renewed RE focus
A BIOMASS power plant operator has called on Malacañang to continue prioritizing the development of renewable energy sources in the country contrary to agencies’ earlier statements that signaled hesitation in adopting pricier green technologies.
Global Green Power Plc Corp. said it wrote a letter to President Benigno S.C. Aquino III, urging the government to “hasten the development of renewable energy at the soonest possible time because the efforts to promote renewable energy experienced a setback by the pronouncement of the Board of Investments (BoI) to delay implementation of the Renewable Energy Act.”
This, after BoI Managing Head Cristino L. Panlilio had recently said it would be wiser to postpone the implementation of feed-in tariffs, a universal charge that will pay for renewable energy sources, as these could make power rates more expensive.
“This is something we cannot understand as the nation faces yet another impending power crisis. What will be our alternative? Continued unabated expansion and use of imported coal and oil?,” the Global Green Power statement read.
Renewable energy, instead, “can free the Filipino from the impact of staggering world oil and coal prices,” the firm claimed.
The perception that renewable energy is expensive “is short-sighted,” the firm said further.
“New technology today provides us the ability to generate and deliver baseload power from renewable energy sources, cheaper that newly built coal or oil-based power generation facilities, when developed within the framework of the Renewable Energy Act,” it said.
The Energy Regulatory Commission has yet to approve feed-in tariff levels.
The proposed feed-in tariff rates forwarded by the National Renewable Energy Board are at P7 per kilowatt-hour (KWh) for biomass sources and P6.15/KWh for run of river hydroelectricity.
It also propsed rates at P10.37/KWh for wind power, P17.65/KWh for ocean technology and P17.95/KWh for solar power.