Monday 16 July
Powered by Ajaxy
Oct 24, 2017 @ 20:28

Cusi lukewarm to extend FIT allocation for biomass, run-of-river

 

Energy Secretary Alfonso Cusi does not want to extend the feed in tariff (FIT) allocation for biomass and run-of-river technologies which inset to expire by end of the year.

“What I’m saying is the Philippines, as a developing country, and based on our per capita, it’s difficult to be giving subsidy or giving FIT,” Cusi said.

While solar and wind have had a second round, the FIT allocation for biomass and run-of-river technologies remain undersubscribed three years after the program’s implementation.

Both technologies have an installation target of 250 megawatts each. But as of the end of 2016, only 28.6976 MW had been taken up under the run-of-river hydro while 144.80 MW for biomass.

The FIT system is an incentive scheme that grants priority connections to the grid, priority purchase and transmission of, and payment for electricity generated at a fixed tariff for 20 years.

Tags: , , , , , , , , , , ,

Related Stories
The Philippines and Spain inked an agreement that allows international commercial air transport services between
The state-run Social Security System (SSS) on Thursday disclosed that it invested PHP3 billion of
Foreigners remain devoted to pouring money into the Philippines.
Hong Kong-based Golden Millennial Quickpay Inc. Ltd. (GMQ) has launched its cryptocurrency exchange and financial


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.