{"id":3865,"date":"2023-02-05T08:30:42","date_gmt":"2023-02-05T08:30:42","guid":{"rendered":"https:\/\/mabuhayenergy.com\/?p=3865"},"modified":"2023-02-13T05:34:01","modified_gmt":"2023-02-13T05:34:01","slug":"manila-bulletin-meco-mulls-200mw-re-projects","status":"publish","type":"post","link":"https:\/\/mabuhayenergy.com\/manila-bulletin-meco-mulls-200mw-re-projects\/","title":{"rendered":"Manila Bulletin: Mabuhay Energy mulls 200MW RE projects"},"content":{"rendered":"\n
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Industry newcomer Mabuhay Energy Corporation (MECO) is firming up the investment cost for its planned rollout of 200 megawatts of pure-renewable energy (RE) developments for implementation over several years.<\/p>\n\n\n\n

In an interview with Mabuhay Energy CEO Sherwin G. Hing, he indicated that the initial project development will be 50MW utility-scale solar farm facility that will be sited in the Luzon grid.<\/p>\n\n\n\n

\u201cPart of the projects in the pipeline, we want to ramp up our capacity initially with 50 megawatts, and then in the next couple of years, it will be 200MW,\u201d he said.<\/p>\n\n\n\n

Hing emphasized that the targeted construction of the first plant will be around fourth quarter this year, \u201cdepending on how fast we can move \u2014 on permitting, land acquisition \u2014 so those are the things that we\u2019re really expediting right now. And target is Q4 by this year, we can start the project as the first phase, out of the 200MW.\u201d<\/p>\n\n\n\n

He qualified that the company will hold on fast to a \u201crisk averse\u201d and prudent approaches on energy investing, hence, it will be pursuing its planned projects on phased developments.<\/p>\n\n\n\n

\u201cWe intend to do our pilot project this year; and then every year, we intend to roll out more and more until we hit the 200MW\u2026at the end of the day, we don\u2019t want to be too aggressive; that\u2019s partly because Mabuhay Energy Group is quite new in this industry,\u201d Hing noted.<\/p>\n\n\n\n

He stated that while initial developments will be on the solar photovoltaic (PV) space, the company is also keen on giving other technologies a shot on Mabuhay Energy\u2019s future ventures, including those on hydro and wind farm installations.<\/p>\n\n\n\n

Another sphere in the restructured power sector that Mabuhay Energy has been vigorously getting its hands on is the business paradigm under the retail competition and open access (RCOA) policy and that is done via its subsidiary Excell Energy and Powergen Corporation (EEPC), a retail electricity supplier (RES) licensed by the Energy Regulatory Commission.<\/p>\n\n\n\n

Although Excell Energy had just started its operations in 2019, it already cornered a number of impressive commercial and industrial (C&I) clients under its portfolio \u2013 including Anflo Industrial Estate, Gama Foods Corporation, N&G Realty & Development Corp., Hi-Precision Diagnostics and Yamaha Motor Philippines.<\/p>\n\n\n\n

The company chief executive specified that they are currently procuring power supply from other generation companies, but they will be transforming that business game plan by pursuing \u201cbackward integration\u201d.<\/p>\n\n\n\n

Such strategy, he explained, would entail that since demand is already established in its RES business unit, then the supply needed by customers will have to be significantly augmented by the RE projects under power generation arm Mabuhay Energy.<\/p>\n\n\n\n

\u201cWe decided to do backward integration \u2013 we came up with the demand first; and then, we\u2019ll put up our own capacity. So unlike most of the companies wherein they put up their capacity first, then they look for demand; we are doing it the other way around mainly because we\u2019re quite new in the industry,\u201d he stressed.<\/p>\n\n\n\n

Since the domestic power industry, especially Luzon grid, is now afflicted with tight supply predicaments, Hing said \u201cWe feel that the time is just good for us to enter power generation.\u201d<\/p>\n\n\n\n

\u201cWe\u2019re looking at 200MW because the target of Mabuhay Group RES is 500MW, so 40-percent is 200MW, that\u2019s the target portfolio.\u201d<\/p>\n<\/blockquote>\n<\/div>\n\n\n\n

Posted on<\/p>\n\n\n\n

MANILA BULLETIN<\/a>
February 5, 2023, at 8:30 pm
Read the full article here<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Industry newcomer Mabuhay Energy Corporation (MECO) is firming up the investment cost for its planned rollout of 200 megawatts of pure-renewable energy (RE) developments for implementation over several years. In an interview with Mabuhay Energy CEO Sherwin G. Hing, he indicated that the initial project development will be 50MW utility-scale solar farm facility that will […]<\/p>\n","protected":false},"author":13,"featured_media":3866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[51],"tags":[22],"_links":{"self":[{"href":"https:\/\/mabuhayenergy.com\/wp-json\/wp\/v2\/posts\/3865"}],"collection":[{"href":"https:\/\/mabuhayenergy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mabuhayenergy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mabuhayenergy.com\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/mabuhayenergy.com\/wp-json\/wp\/v2\/comments?post=3865"}],"version-history":[{"count":2,"href":"https:\/\/mabuhayenergy.com\/wp-json\/wp\/v2\/posts\/3865\/revisions"}],"predecessor-version":[{"id":3868,"href":"https:\/\/mabuhayenergy.com\/wp-json\/wp\/v2\/posts\/3865\/revisions\/3868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mabuhayenergy.com\/wp-json\/wp\/v2\/media\/3866"}],"wp:attachment":[{"href":"https:\/\/mabuhayenergy.com\/wp-json\/wp\/v2\/media?parent=3865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mabuhayenergy.com\/wp-json\/wp\/v2\/categories?post=3865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mabuhayenergy.com\/wp-json\/wp\/v2\/tags?post=3865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}