FDC Utilities Inc. (FDCUI), a wholly-owned subsidiary of Filinvest Development Corp. (FDC), said Friday it plans to triple its generating capacity to 1,350 megawatts by 2033 from 411 MW, with 71 percent of the increase coming from renewable energy.
FDC said in a statement the plan supports the government’s efforts to ensure energy security in the country where peak demand is expected to grow 5.5 percent annually until 2030 based on the Department of Energy’s Power Development Plan (2023-2050).
It also supports the government’s drive to increase the share of renewable energy in the country to 35 percent by 2030.
“We are committed to doing our part in ensuring that our country has a stable supply of energy for both the short and long term. This will support the country’s economic development and build its resiliency against unexpected adverse changes in the supply of energy,” said FDCUI president and chief executive Juan Eugenio Roxas.
“While thermal power remains a large and vital component of our country’s energy mix for the medium term, we also support that renewable energy is the way forward, and we are aligning with the DOE’s plan to build more renewable energy projects,” Roxas said.
