North Star Thermal Power Network News: The Manila Times reported on August 8 that a recent study showed that coal-fired power plants would boost the Philippines electricity infrastructure department in the next 10 years.
Fitch's BMI study predicts an average annual growth of 10.6% from 2017 to 2021. According to the research institute, for the 7300 megawatts power plant that currently under construction or has been approved, nearly 80% of the generating capacity and nearly 90% of the investment are from coal projects. In the less developed Visaya and Mindanao, coal-fired power plants construction continues to expand.
BMI points out that the share of coal-fired power generation will increase from 73 % in 2017 to 77% in 2026. From 2016 to 2020, the Philippines's coal production will grow by an average of 4% a year and the coal production is expected to rise by 5.7%.
Data from the Philippines energy sector showed that in 2016, the Philippines imported coal for 20.03MMT with a year-on-year increase of 15.9%. Coal production was 12.087MMT with a year-on-year growth of 47.9%.