Skip to main content

Energy Dep’t Finalizing Deal to Develop Deep Ocean Power - BWO

THE DEPARTMENT of Energy (DoE) said it is close to finalizing a contract with a US-based firm to develop deep ocean power technology.

Department data show there are 16 potential sites for such development.

We are just finishing the documentation. We need to sit down and proceed with their contract already. It means they are ready,
Mario C, Marasigan, DoE assistant secretary, told reporters.

Deep Ocean Power Philippines, a unit of California-based Deep Ocean Power, applied to the DoE in February for 36 sites in the country covering 21,450 hectares to develop deep ocean power technology.

Deep ocean power technology utilizes "ocean thermal energy conversion" by capitalizing on the temperature difference between the warm surface water of oceans, heated by solar radiation, and the deep water which is colder, to generate electricity through a heat engine. The same power principle is used in steam turbines and internal combustion engines.
That is just one company, but [there are] more than 16 sites. We are looking what [sites] we could already finalize,
Mr. Marasigan said.
We are now on the final stage as we have re-qualified them already,
Mr. Marasigan added.

The DoE is promoting investments in renewable energy in the wake of the government’s approval of the Renewable Energy law last year.

DoE data indicate 16 possible sites in the country for ocean power development, including Davao Oriental, Camarines, Northeastern Samar, Bataan, Surigao, Catanduanes, Siargao, Tacloban, Ilocos Norte, Babuyan Island, and San Bernardino Strait.

Aside from ocean power, the DoE has also identified potential tidal power sites in the country which include the Hinatuan Passage in Surigao and San Bernardino Strait between Leyte and Samar.

From a current 4,500-MW capacity from renewables, the DoE is looking to double the figure to 9,000 MW in the next 10 years. The government also hopes to attract investments of up to $10 billion for renewable energy projects in that period.

Among the fiscal incentives offered by the Renewable Energy law are income tax holiday for the first seven years of operation, tax-free carbon credits from renewable energy projects, tariff exemption and duty-free importation of machinery and equipment for the first 10 years of operation, with power from renewable energy sources to be exempt from value added tax.

Non-fiscal incentives include the renewable energy portfolio standard, which includes mandatory utilization of renewable energy power in grids, and priority dispatch for power produced from renewable energy resources.

The Philippines is presently considered the world’s second largest geothermal energy producer and the largest wind energy developer in Southeast Asia. — Jose Bimbo F. Santos

Source: Business World Online

Popular posts from this blog

Philippine Mining Act of 1995

With the recent issue of magnetite ore mining overwhemingly opposed by residents in the town of Bagamanoc and recently moved the mining site off the coast of Panganiban (Payo), I am compelled to post this Mining Act to serve as reference. "Republic Act No. 7942 or the Philippine Mining Act of 1995 (“Act”) is the governing law that regulates mineral resources development in the country. One of the primary objectives of this act is to revitalize the ailing Philippine mining industry by providing fiscal reforms and incentives and maintaining a viable inventory of mineral reserves to sustain the industry through the infusion of fresh capital through direct investments to finance mineral exploration and/or development activities. The original implementing rules and regulations of the Act was prepared in 1995, and was revised in 1996 under DENR Administrative Order 96 – 40, the revised implementing rules and regulations (RIRR). Collectively, the Act and its RIRR take into considerat…

Pantomina Lyrics And Music

Pantomina is Spanish for pantomime, movements imitating the courtship movements of the rooster and the hen. Ang mga babaye
Kung mayo pa nin agom
Maugay nin aga maugay nin hapon
Alagad kung sinda igua na nin agom
Maugay Octobre, Disyembreng sunudon. Ica palan, Nenang ang pinagsasabi
Magayon na burac sa lugar na ini
Magayon ang tindog malinig ang pisngi
Arin pa daw ang puso ang dai mawili. Can ica sadit pa sadit pa man aco
Si satuyang cawat magkudot-kudotan
Kinudot mo aco kinudot ta ca man
Sabi mo sa saco luhayluhaya man. Ang mga lalake
Hudyan sisaboot
Ang pinagsasabing ngarang pagcamoot
Kundi ang babayeng iyo minahilod
Akong minahiling can mga pangguyod.

Churches in Catanduanes

Catanduanes is composed of 11 municipalities, but there are 18 parishes distributed island wide. There are 3 parishes in the capital town Virac, 3 in Viga, 3 in Bato and 2 in San Andres. Although radical architectural changes have been made in many of the centuries old churches. From baroque to contemporary architecture and basic structural changes from coral stones to cement. Still many of the old practices and traditions are revered and observed up to this day. Happy Easter! Vicariate of Our Lady of the Immaculate Conception Vicar Forane: Rt. Rev. Msgr. Jose B. Molina, PA, VG Virac Cathedral (F-1755), Virac 4800 Catanduanes Population: 42,045; Catholics: 41,204 Titular: Our Lady of the Immaculate Conception, December 8 Parish Priest: Rev. Msgr. Jose B. Molina, PA, VG Parochial Vicars: Fr. Allan Martin Basilio, Fr. Joseph Saratan, Fr. Pascual Macuja (Retired, In Residence), Fr. Sid Jose Sanchez, Fr. Paul I. Isorena Cabugao (F-1911), Bato 4801 Catanduanes Population: 9,288; Catholics…

Japanese Retirement Village in the Philippines

The Philippines is being eyed as a prime medical, health care and retirement destination for Japanese. According to studies, one out of four people in Japan will be aged 65 by 2020, from one out of six in 2000. Now is the best time to set up the retirement village for Japanese as baby boomers will start retiring in 2007. Several notable Japanese companies have already initiated building medical and retirement havens in the Philippines. These include Sanyo Emeritus Co. Ltd., a joint venture between Sanyo Electric and Emeritus Corp. of Seattle, which provides "assisted living" services in the US and Canada; as well as Tokushukai Medical Corp., Japan's largest hospital chain, which is putting up a $100 million, 1000-bed hospital in the Philippines, targeting elderly Japanese citizens. The Philippines is highly regarded because of its mild climate enjoyed by Japanese, its close proximity to Japan, the high quality of the Philippines' healthcare workforce, and the sign…

All National Roads Concreted by 2015

The Department of Public Works and Highways (DPWH) has disclosed that, based on the current pace, the concreting of the national road network in Catanduanes will be achieved before the end of 2015. Catanduanes DPWH District Engineer Ignacio Odiaman made the statement to the Tribune last week while engineers were finalizing the programs of work covering the P682 million budget of the district for 2011. Of the amount, about P673 million will be spent for the concreting of the circumferential road network in Viga, Gigmoto, Baras, Gigmoto and Pandan. Odiaman said, adding that P9 million will be used as counterpart of the Philippine government for the Spanish-funded construction of Sicmil bridge. Congressman Cesar V. Sarmiento, for his part, expressed elation at the report that the Philippines and Japan have already signed and exchanged notes covering the grant of a P21.4-billion loan for the for the repair and maintenance of roads in various parts of the country, including Catanduan…