Nine power projects get SIS endorsement

By Jordeene B. Lagare – January 13, 2021
from The Manila Times

NINE power projects, including a coal-fired power plant in Mindanao, has secured the Department of Energy’s (DoE) approval to conduct a system impact study (SIS) on their respective power facilities. GNPower Kauswagan Ltd. Co. was endorsed to the National Grid Corp. of the Philippines for clearance to conduct an SIS for its coal-fired power plant in Kauswagan town, Lanao del Norte province. Based on the agency’s data, GN Power Kauswagan’s coal facility — a partnership of AC Energy Inc. and the Philippine Investment Alliance for Infrastructure Fund and Power Partners — has an installed capacity of 605.2 megawatts (MW). But AC Energy, the power arm of Ayala Corp., earlier announced it was divesting the company’s coal assets, including those coal facilities ahead of its original schedule of 2030. AC Energy already transferred its indirect ownership interest in GNPower Kauswagan to its developer-partner, Power Partners Ltd. Co.