{"id":330087,"date":"2024-10-29T00:59:28","date_gmt":"2024-10-28T16:59:28","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330087"},"modified":"2024-10-29T00:59:30","modified_gmt":"2024-10-28T16:59:30","slug":"trade-the-news-alter-allots-p2-2-billion-for-tanay-wind-farm","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-alter-allots-p2-2-billion-for-tanay-wind-farm\/","title":{"rendered":"Trade the News: ALTER allots P2.2 billion for Tanay wind farm"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Alternergy Holdings Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>ALTER<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 1.20<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Alternergy Holdings Corp. (ALTER) is seeking provisional authority to develop a P2.2-billion transmission project that will connect its 112-megawatt wind project in Rizal to the Luzon grid.<\/p>\n\n\n\n

Alternergy, through Alternergy Tanay Wind Corp. (ATWC), is seeking the green light from the Energy Regulatory Commission (ERC) to build dedicated point-to-point limited transmission facilities for its Tanay wind power plant project (TWPPP).<\/p>\n\n\n\n

The company initially proposed a direct connection of the TWPPP to the planned 500-kilovolt (kV) Baras substation project of the National Grid Corp. of the Philippines (NGCP).<\/p>\n\n\n\n

However, the Baras substation is slated for completion only by 2034 or nine years after the target commercial operations of the TWPPP next year.<\/p>\n\n\n\n

As such, ATWC proposed an interim connection for the TWPPP through a bus-in connection along the NGCP\u2019s existing San Jose\/Balsik-Tayabas 500-kV transmission line, which was said to be \u201cconsidered acceptable\u201d by the grid operator.<\/p>\n\n\n\n

\u201cA comparison of interconnection options for the TWPPP shows that the 500-kV bus-in interim connection is the best connection scheme while the NGCP Baras substation is not yet completed,\u201d ATWC said.<\/p>\n\n\n\n

Once completed, the company said the final connection scheme involving the direct integration of the wind project to the Baras substation would be subject of a new system impact study by the NGCP.<\/p>\n\n\n\n

The Tanay project is among the wind projects awarded to Alternergy under the government\u2019s second green energy auction program in July 2023.<\/p>\n\n\n\n

Earlier this year, Alternergy secured an P8-billion loan from Bank of the Philippine Islands and Security Bank Corp. to bankroll the project.<\/p>\n\n\n\n

The company intends to beef up its renewable energy fleet with new projects coming on stream in the next two years in hopes of achieving a 500-megawatt capacity.<\/p>\n\n\n\n

(News Source: Philippine Star<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-330087","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330087"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330087\/revisions"}],"predecessor-version":[{"id":330089,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330087\/revisions\/330089"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}