Philippines has stopped accepting new proposals for coal-based power projects to encourage investment in other energy sources like natural gas and renewables.
The moratorium on endorsements for greenfield coal-powered plants comes as the government aggressively pursues natural gas as a major source of energy, not just for power generation but also industrial, commercial and household sectors. Reportedly, a rash of approvals for coal-fired power plants in recent years has boosted coal’s dominance in the country’s power mix, accounting for 41 per cent of capacity last year, when the country’s overall installed power capacity stood at 25,531MW