15 Jan Japan to invest in Renewable Energy in Mindanao
Currently, three hydro power projects have already started in Agusan with the arrival of Japanese investors. With this, an increase in the renewable energy contribution in Mindanao is being expected.
Romeo Montenegro, Mindanao Development Authority (MinDa) assistant secretary, hopes that these Japanese investors will then expand to other areas in Mindanao.
In a press conference at Habi at Kape held in Abreeza last January 11, 2017, Wednesday, when Montenegro mentioned that as of this year, energy mix in Mindanao is at 70-30 which favors fossil fuel versus renewable energy. He then added that they are currently working on a project to bring back Mindanao’s energy mix to 50-50 by 2030. An exact opposite in the electrical situation in the island where hydro power plants are the main source of electricity.