Waste-to-energy auction attracts top Philippine tycoons
Companies backed by tycoons Manuel V. Pangilinan, Enrique Razon Jr. and Ramon Ang are among the 11 bidders qualified to advance to the government’s waste-to-energy auction.
MANILA, Philippines — An auction for waste-to-energy (WTE) projects has drawn interest from top Philippine tycoons, including Manuel V. Pangilinan, Enrique Razon Jr., and Ramon Ang. The Energy Undersecretary, Rowena Cristina Guevara, confirmed that 11 bidders have qualified for the government's WTE auction. MetPower Venture Partners Holdings Inc., owned by Pangilinan's Metro Pacific Investments Corp., and Prime Integrated Waste Solutions Inc., backed by Razon, are among the potential bidders.
Two projects each have been submitted by Pan Pacific Renewable Power Phils. Corp., an associate of Ang's San Miguel Global Power, and International Solid Waste Integrated Management Specialist Inc.
The government has expanded the WTE project capacity to 400 megawatts from the initial target of 230 MW. A pre-bid conference is set for September 15, with the auction proper scheduled for October 13. Winning bidder certificates are expected to be issued from December 16 to 18, while project delivery is projected between September 2028 and March 2029.
The Renewable Energy Act of 2008 mandates WTE adoption, and the government aims to increase renewable energy's share in the national power mix to 35 percent by 2030 and 50 percent by 2040.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
