Author Carlo CarrascoSteady Supply Of Coal From Indonesia For The Philippines Assured
As the Philippines is struggling with very expensive fuel prices, Indonesia assured the government that there will be a steady supply of coal for the country’s energy needs, according to a news report by BusinessWorld.
To put things in perspective, posted below is an excerpt from the news report of BusinessWorld. Some parts in boldface…
Indonesia has assured the Philippines of a steady supply of coal, the Philippine energy minister said on Tuesday.
“We have assurance, and we are good partners,” Energy Secretary Sharon Garin told a news briefing.
The Philippines plans to temporarily increase coal-fired generation amid energy pressures, Ms. Garin said.
The country’s fuel supply remains manageable and the government is working to procure 1 million barrels of oil from countries within and outside Southeast Asia to build its buffer stock. The Philippines has around 45 days of fuel supply based on current consumption levels, Ms. Garin said.
The Philippines has Southeast Asia’s most coal-dependent power grid.
After ramping up LNG-fired generation, Manila was poised in 2025 for its first decline in coal power in nearly two decades, but rising LNG costs are forcing it to turn back to coal.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you think coal is a good solution to ensure a stable supply of energy all over the country?
You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.
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