MANILA, Philippines — This year has put under the spotlight the need for the country to build more power plants within a three-year horizon to be able to ensure enough supply to meet the growing power demand in the coming years.
As more power facilities get older, the reliability of existing power plants also dwindles with time. That was manifested in this year’s numerous instances of yellow and red alert notices in the Luzon grid.
While new power plants are slated to come onstream in the next two years, the country needs to prioritize building new generation capacity in Luzon as industry players expect tight supply beyond 2022 – unlike the oversupply of power in Mindanao.
