“We eagerly look forward to learning about how we can generate baseload power that is technically and financially feasible and also scalable,” AboitizPower President and Chief Executive Officer Emmanuel V. Rubio said in a statement.
Mr. Rubio said AboitizPower expects the study to be “bespoke” based on the country’s national resources, climate, and geography so it will fit the energy system. “Harnessing cleaner and natural resources, including solar and wind, will enable the country to diversify its energy mix and improve energy security while also tackling climate change impacts,” Mr. Garcia Mora added.
The Aboitiz group’s power generation, distribution, and retail electricity services company earmarked P190 billion for investment in clean energy. It aims to add 3,600 megawatt of capacity to reach its 2030 RE target of 4,600 MW, or more than half of its projected 9,200-MW total generation capacity.