The generating capacity of so-called committed power plants from the private sector increased by 33.8 percent as at end-2022, according to the Department of Energy (DOE).
The DOE said the number increased to 10,210.49 megawatts (MW) during the period from only 7,628.17 MW as at end-2021.
Power plants are committed when they achieve power supply agreements and have system impact study and other key permits from the Department of Environment and Natural Resources and the Energy Regulatory Commission.
Projects in the list are those expected to be built beginning this year until 2027 and those that are yet to be decided.
The number only reflects capacity from traditional power plants and exclude committed battery energy storage facilities whose capacity dipped 1.5 percent to 2,080 MW from a year earlier when this totaled 2,112.59 MW.
The bulk of the committed capacity at end-2022 equal to 9,170.16 MW are in Luzon or 89.8 percent of all planned projects nationwide.
Overall, coal still has the highest share in committed power projects at 3,685.40 MW followed by natural gas-fired power plants with 3,500 MW and solar with only 2,317.25 MW.
The committed capacities for wind totaled 273.20 MW, hydro at 270.29 MW, geothermal with 74 MW, biomass with 48.60 MW, and oil-based plants with 41.75 MW.
Earlier, Energy Secretary Raphael Lotilla, vowed to secure energy security under his watch by crafting clear policies that attract investments in the secto.
To develop the country’s indigenous energy resources, both renewable and conventional, so-called uncertainties over investment incentives in the upstream sector, especially natural gas, must be resolved.
His list of key objectives include continued provision of a well-targeted fuel assistance to the most vulnerable communities, nationwide electrification, improved planning and rolling out of the transmission grid, and the planning for necessary support infrastructure and liberalization of investment requirements for emerging power technologies.
