5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

PPA allocates P2.11B for Camarines Norte port upgrade

by
January 27, 2025
in Stock
0
PPA allocates P2.11B for Camarines Norte port upgrade
NICHOLAS DOHERTY-UNSPLASH

THE Philippine Ports Authority (PPA) is allocating P2.11 billion to improve Jose Panganiban port in Camarines Norte to make it suitable for servicing the offshore wind industry.

The port regulator is inviting interested parties to submit bids for the port improvement project on or before Feb. 4, it said in a bid notice.

According to the PPA, the winning bidder for the project will have 840 calendar days or approximately two years and three months to complete the upgrade of the port.

The Energy department has identified Jose Panganiban port as one of three lined up for repurposing to service the offshore wind industry.

Situated close to 14 offshore wind energy service contracts (OWESCs), the Port of Jose Panganiban is expected to service wind farms with an estimated capacity of 8,150 megawatts (MW). Two projects in the area are in the advanced pre-development phase.

The port of Jose Panganiban is among PPA’s 14 big-ticket flagship projects valued at a total P16 billion, scheduled for completion by 2028.

The Department of Energy has awarded 92 offshore wind energy service contracts to 38 renewable energy developers with combined potential capacity of 66.10 gigawatts (GW).

According to the Philippine Offshore Wind Roadmap, the Philippines has a potential capacity of about 63 GW if it taps offshore wind resources.

Also identified as priorities for redevelopment as offshore wind service bases are Currimao, Ilocos Norte and Sta. Clara, Batangas City.

Last year, the PPA awarded the P839.18-million Currimao Port expansion project to a Davao-based construction company Khan Kon Chi Construction and Development Corp. — Ashley Erika O. Jose

Previous Post

PHL urged to unlock potential of $788.4-million solar export market

Next Post

Tobacco leaf production rises 7.45% in 2024

Next Post
Tobacco leaf production rises 7.45% in 2024

Tobacco leaf production rises 7.45% in 2024

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Jeremy Clarkson slams regulators as ‘most expensive’ Hawkstone beer advert is banned

    Jeremy Clarkson slams regulators as ‘most expensive’ Hawkstone beer advert is banned

    July 14, 2025
    How the law shapes the reality for motorcyclists after serious injuries

    How the law shapes the reality for motorcyclists after serious injuries

    July 14, 2025
    How The Canadian Academy of Osteopathy Is Reshaping Osteopathic Education

    How The Canadian Academy of Osteopathy Is Reshaping Osteopathic Education

    July 14, 2025
    30 manufacturing projects in the works

    30 manufacturing projects in the works

    July 14, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.