Third, existing power generation capacity of Philippine sugar mills is about 200 MW, which is used only for crushing sugarcane and producing sugar. Given a favorable investment environment, we believe that the FIT of P6.63 per Kilowatt-hour will bring improvements in the boiler and turbogenerators that can add up to 400 MW capacity, which in turn can be sold to the electric grid.
Read MoreBox 1. Legislative steps towards a sweetened beverage tax, the Philippines, 2017 House Bill 292 (standalone sugar-sweetened beverage tax bill), included in the TRAIN Bill 26 April 2017 Definition: sugar-sweetened beverages were defined as non-alcoholic beverages
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