• World News
  • Politics
  • Economy
  • Stock
  • Editor’s Pick
Global Trading Markets
EconomyEditor's Pick

PPA to cancel Camarines Norte port auction

by March 23, 2025
March 23, 2025

THE Philippine Ports Authority (PPA) will recommend the cancellation of the Jose Panganiban, Camarines Norte port improvement project auction, citing a possible change of location and project design.

In a notice signed by PPA General Manager Jay Daniel R. Santiago, the regulator said it is postponing the auction until further notice.

“There is a need to cancel the bidding and other procurement activities of the proposed project because of the on-going evaluation of a potential new location for the project, possible changes in the plans, design and cost of the project,” the PPA said.

In January, the PPA allocated P2.11 billion to improve Jose Panganiban port to make it suitable for servicing the offshore wind industry.

The Department of Energy (DoE) designated Jose Panganiban port as one of three ports scheduled for repurposing for the offshore wind industry.

Situated close to 14 offshore wind energy service contracts, 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.

Jose Panganiban is also among PPA’s 14 flagship projects valued at P16 billion, scheduled for completion by 2028.

To date, the Department of Energy (DoE) has awarded 92 offshore wind energy service contracts to 38 renewable energy developers with a total potential capacity of 69.06 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 Davao-based construction company Khan Kon Chi Construction and Development Corp. — Ashley Erika O. Jose

previous post
World Bank approves loan to modernize civil service
next post
Analysis: The Deep State Stumbles Upon Three Lines of Effort to Impede MAGA

You may also like

Mercedes-Benz says PHL market for EVs growing more...

May 11, 2025

P1.6-B NGCP Ilocos Norte substation project approved

May 11, 2025

Navigating integrity challenges in Southeast Asia

May 11, 2025

Hospitals bat for tax perks, lower import tariffs

May 11, 2025

‘Hijacking’ of party-list system erodes farmer representation

May 11, 2025

Retail industry seeks gradual cuts to de minimis...

May 11, 2025

BoI joins Customs advisory panel to smooth trade...

May 8, 2025

PHL online sellers lag in AI adoption —...

May 8, 2025

Small minority of PHL organizations have ‘mature’ cybersecurity...

May 8, 2025

PHL road to digitalization to be costly, ADB...

May 8, 2025

    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.

    Recent Posts

    • Asian American Group Alleges Yale Continues To Engage In Affirmative Action Discrimination

      May 11, 2025
    • Russian Spokesperson Maria Zakharova Responds to Macron, Merz, and Starmer’s ‘Tissue’ Incident on the Train – And She’s Not Buying It

      May 11, 2025
    • Woman in Canoe Pays with Her Life After Passing Over Hidden Alligator

      May 11, 2025
    • BREAKING: President Trump Announces He Will Sign Executive Order to Reduce Pharmaceutical Prices by 30% to 80% Almost Immediately

      May 11, 2025
    • Separatism Is Surging in Oil-Rich Province of Alberta, Where Many Want to Ditch Ultraliberal Canada and Become 51st State of the US

      May 11, 2025
    Footer Logo
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 GlobalTradingMarkets.com All Rights Reserved.

    Global Trading Markets
    • World News
    • Politics
    • Economy
    • Stock
    • Editor’s Pick