January 23, 2018, 1:49 am
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1 Philippine Peso = 0.07248 UAE Dirham
1 Philippine Peso = 2.15117 Albanian Lek
1 Philippine Peso = 0.03513 Neth Antilles Guilder
1 Philippine Peso = 0.37432 Argentine Peso
1 Philippine Peso = 0.02466 Australian Dollar
1 Philippine Peso = 0.03513 Aruba Florin
1 Philippine Peso = 0.03947 Barbados Dollar
1 Philippine Peso = 1.63391 Bangladesh Taka
1 Philippine Peso = 0.0315 Bulgarian Lev
1 Philippine Peso = 0.00743 Bahraini Dinar
1 Philippine Peso = 34.55654 Burundi Franc
1 Philippine Peso = 0.01974 Bermuda Dollar
1 Philippine Peso = 0.02619 Brunei Dollar
1 Philippine Peso = 0.13539 Bolivian Boliviano
1 Philippine Peso = 0.06307 Brazilian Real
1 Philippine Peso = 0.01974 Bahamian Dollar
1 Philippine Peso = 1.25863 Bhutan Ngultrum
1 Philippine Peso = 0.19114 Botswana Pula
1 Philippine Peso = 395.1056 Belarus Ruble
1 Philippine Peso = 0.03943 Belize Dollar
1 Philippine Peso = 0.02465 Canadian Dollar
1 Philippine Peso = 0.01899 Swiss Franc
1 Philippine Peso = 11.98717 Chilean Peso
1 Philippine Peso = 0.12629 Chinese Yuan
1 Philippine Peso = 56.09039 Colombian Peso
1 Philippine Peso = 11.14821 Costa Rica Colon
1 Philippine Peso = 0.01974 Cuban Peso
1 Philippine Peso = 1.78074 Cape Verde Escudo
1 Philippine Peso = 0.40983 Czech Koruna
1 Philippine Peso = 3.49517 Djibouti Franc
1 Philippine Peso = 0.12017 Danish Krone
1 Philippine Peso = 0.94356 Dominican Peso
1 Philippine Peso = 2.24754 Algerian Dinar
1 Philippine Peso = 0.25256 Estonian Kroon
1 Philippine Peso = 0.34873 Egyptian Pound
1 Philippine Peso = 0.537 Ethiopian Birr
1 Philippine Peso = 0.01614 Euro
1 Philippine Peso = 0.03952 Fiji Dollar
1 Philippine Peso = 0.01423 Falkland Islands Pound
1 Philippine Peso = 0.01424 British Pound
1 Philippine Peso = 0.08955 Ghanaian Cedi
1 Philippine Peso = 0.95481 Gambian Dalasi
1 Philippine Peso = 177.50149 Guinea Franc
1 Philippine Peso = 0.14478 Guatemala Quetzal
1 Philippine Peso = 4.06335 Guyana Dollar
1 Philippine Peso = 0.15424 Hong Kong Dollar
1 Philippine Peso = 0.4645 Honduras Lempira
1 Philippine Peso = 0.11993 Croatian Kuna
1 Philippine Peso = 1.2536 Haiti Gourde
1 Philippine Peso = 4.98796 Hungarian Forint
1 Philippine Peso = 262.6801 Indonesian Rupiah
1 Philippine Peso = 0.06734 Israeli Shekel
1 Philippine Peso = 1.2595 Indian Rupee
1 Philippine Peso = 23.36688 Iraqi Dinar
1 Philippine Peso = 722.49855 Iran Rial
1 Philippine Peso = 2.02684 Iceland Krona
1 Philippine Peso = 2.44306 Jamaican Dollar
1 Philippine Peso = 0.01395 Jordanian Dinar
1 Philippine Peso = 2.18305 Japanese Yen
1 Philippine Peso = 2.02388 Kenyan Shilling
1 Philippine Peso = 1.36803 Kyrgyzstan Som
1 Philippine Peso = 79.05665 Cambodia Riel
1 Philippine Peso = 8.11131 Comoros Franc
1 Philippine Peso = 17.76199 North Korean Won
1 Philippine Peso = 21.05013 Korean Won
1 Philippine Peso = 0.00592 Kuwaiti Dinar
1 Philippine Peso = 0.01618 Cayman Islands Dollar
1 Philippine Peso = 6.40616 Kazakhstan Tenge
1 Philippine Peso = 163.40439 Lao Kip
1 Philippine Peso = 29.70989 Lebanese Pound
1 Philippine Peso = 3.03631 Sri Lanka Rupee
1 Philippine Peso = 2.51372 Liberian Dollar
1 Philippine Peso = 0.24018 Lesotho Loti
1 Philippine Peso = 0.06017 Lithuanian Lita
1 Philippine Peso = 0.01225 Latvian Lat
1 Philippine Peso = 0.02645 Libyan Dinar
1 Philippine Peso = 0.1822 Moroccan Dirham
1 Philippine Peso = 0.33221 Moldovan Leu
1 Philippine Peso = 0.99072 Macedonian Denar
1 Philippine Peso = 26.54431 Myanmar Kyat
1 Philippine Peso = 47.6416 Mongolian Tugrik
1 Philippine Peso = 0.15887 Macau Pataca
1 Philippine Peso = 6.94691 Mauritania Ougulya
1 Philippine Peso = 0.64535 Mauritius Rupee
1 Philippine Peso = 0.3059 Maldives Rufiyaa
1 Philippine Peso = 14.08092 Malawi Kwacha
1 Philippine Peso = 0.36718 Mexican Peso
1 Philippine Peso = 0.07768 Malaysian Ringgit
1 Philippine Peso = 0.24178 Namibian Dollar
1 Philippine Peso = 7.06532 Nigerian Naira
1 Philippine Peso = 0.6045 Nicaragua Cordoba
1 Philippine Peso = 0.15516 Norwegian Krone
1 Philippine Peso = 2.01397 Nepalese Rupee
1 Philippine Peso = 0.02711 New Zealand Dollar
1 Philippine Peso = 0.00759 Omani Rial
1 Philippine Peso = 0.01974 Panama Balboa
1 Philippine Peso = 0.06337 Peruvian Nuevo Sol
1 Philippine Peso = 0.06241 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.17782 Pakistani Rupee
1 Philippine Peso = 0.06737 Polish Zloty
1 Philippine Peso = 110.75588 Paraguayan Guarani
1 Philippine Peso = 0.07183 Qatar Rial
1 Philippine Peso = 0.07523 Romanian New Leu
1 Philippine Peso = 1.11021 Russian Rouble
1 Philippine Peso = 16.49398 Rwanda Franc
1 Philippine Peso = 0.07401 Saudi Arabian Riyal
1 Philippine Peso = 0.15294 Solomon Islands Dollar
1 Philippine Peso = 0.26317 Seychelles Rupee
1 Philippine Peso = 0.13811 Sudanese Pound
1 Philippine Peso = 0.15903 Swedish Krona
1 Philippine Peso = 0.02605 Singapore Dollar
1 Philippine Peso = 0.01423 St Helena Pound
1 Philippine Peso = 0.43825 Slovak Koruna
1 Philippine Peso = 150.5822 Sierra Leone Leone
1 Philippine Peso = 11.09138 Somali Shilling
1 Philippine Peso = 395.67793 Sao Tome Dobra
1 Philippine Peso = 0.17269 El Salvador Colon
1 Philippine Peso = 10.16341 Syrian Pound
1 Philippine Peso = 0.24082 Swaziland Lilageni
1 Philippine Peso = 0.62838 Thai Baht
1 Philippine Peso = 0.04813 Tunisian Dinar
1 Philippine Peso = 0.04392 Tongan paʻanga
1 Philippine Peso = 0.07512 Turkish Lira
1 Philippine Peso = 0.1331 Trinidad Tobago Dollar
1 Philippine Peso = 0.57902 Taiwan Dollar
1 Philippine Peso = 44.22736 Tanzanian Shilling
1 Philippine Peso = 0.56937 Ukraine Hryvnia
1 Philippine Peso = 71.46241 Ugandan Shilling
1 Philippine Peso = 0.01974 United States Dollar
1 Philippine Peso = 0.56325 Uruguayan New Peso
1 Philippine Peso = 160.3513 Uzbekistan Sum
1 Philippine Peso = 0.19686 Venezuelan Bolivar
1 Philippine Peso = 447.97712 Vietnam Dong
1 Philippine Peso = 2.03691 Vanuatu Vatu
1 Philippine Peso = 0.0496 Samoa Tala
1 Philippine Peso = 10.5818 CFA Franc (BEAC)
1 Philippine Peso = 0.05329 East Caribbean Dollar
1 Philippine Peso = 10.49813 CFA Franc (BCEAO)
1 Philippine Peso = 1.92441 Pacific Franc
1 Philippine Peso = 4.9329 Yemen Riyal
1 Philippine Peso = 0.24034 South African Rand
1 Philippine Peso = 102.41761 Zambian Kwacha
1 Philippine Peso = 7.14229 Zimbabwe dollar

Energy tech company eager for PH development

BY Lourdes C. Escolano

ENERGY technology company Engie of France, is eager to develop energy projects in the Philippines. This according to Engie Executive Vice-President Didier Holleaux, speaking to Malaya Business Insight. 

“We are eager to have projects in your country and we have a company that handles the study of various energy related opportunities,” Holleaux said. The French executive revealed that as early as 2015, Engie Services has been exploring power generation investments in the country, including liquefied natural gas. He also emphasized the company’s strong ambitions in power generation in the Philippines which may include other forms of energy generation.

Towards the end of September the company launched a P1.5-billion DCS to be used for buildings inside Northgate Cyberzone, Filinvest City in Muntinlupa.The project is a 60-40  joint venture between the Philippine DCS Development Corp. (PDDC) and Engie.

“We are an expert in the field of energy and energy technology.

The district cooling system (DCS) is an example of an energy reduction technology,” Holleaux explained as he introduced the benefits of the DCS in the joint venture project with the Gotianun-led Filinvest Group.

“We are proud to partner with the world leader in district cooling system. Engie’s expertise in DCS and our state-of-the-art DCS plant will benefit our stakeholders. This project is the realization of our vision to produce a clean, sustainable and resource-efficient cooling system. It is also our way of reducing our carbon footprint,” Joseph M. Yap, PDDC President said.

The system has a  capacity of 42.2 megawatts. This is enough to cover 20 buildings inside Northgate Cyberzone, which caters primarily to business process outsourcing and information technology firms.

DCS is an energy efficient cooling system that involves the production and storage of chilled water from a single location and delivered by pumps and pipes to customers. The efficiency of this production reduces the carbon footprint in the areas where it develops and at the same time cuts the heat generated by the common airconditioner.

Studies prove that DCS offers a host of benefits, especially in comparison with individual cooling systems. It helps reduce energy consumption, provides greater efficiency, lowers the initial capital 

investment and enhances real estate value by freeing up building space for other uses. Most importantly, DCS protects the environment by cutting carbon dioxide emissions due to lower energy consumption. It is a key component of sustainable development.

“Engie was keen on investing in the Philippines because of the growing energy demands and the presence of many possible partners. We believe that there are many good investment opportunities for our  group,” Holleaux said. He referred to the country’s abundant, English speaking local talent, the growing economy represented by many developments in the urban centers and a environmentally conscious population.

When asked what was the biggest obstacle to more partnerships, the French executive did not mince words.

“Corruption.”

The company’s strong fundamentals keep it from working with companies and individuals pushing a personal agenda. He emphasized that because it refuses to give in to demands from both government and private sector corruption, and it would rather not do any business at all. The mere asking of a cut before a project proceeds makes it impossible to move a project forward.

“In every country we are in we partner with private corporations who share the same ideals as we do. And we believe that this is important. Technology is easy because of our expertise. We want clean energy and we want clean business too,” Holleaux emphasized.
He said that their partnership with Filinvest through PDDC is a model they want for all their projects in the Philippines.

“Our ambition for Northgate DCS is to be a model for dense urban areas in Southeast Asia and showcase how distinct energy solutions can help cities optimize energy supply, reduce electricity consumption, support economic development, and lower environment impact,” Holleaux said in a speech during the project’s launch.

“We look forward to servicing the offices here in Northgate and we hope that building occupants and office workers will begin to appreciate the difference of DCS with conventional air conditioning system, like reduction in noise and vibration. Business owners on the other hand should be able to realize long-term benefits in terms of efficiency and reduced greenhouse gas emission,” PDDC president Yap responded.

PDDC plans to look into other Filinvest projects where DCS can be utilized. Aside from Northgate Cyberzone, the company is also developing Cyberzone Cebu as well as projects in other key locations, such as Makati and Quezon City, to cater to the fast growing BPO market.

PDDC has so far spent P1.2 billion for the first phases for the project. The balance will be invested on further development in theNorthgate Cyberzone area. The DCS is currently connected to 12 buildings via a complex series of pipes. A further 8 buildings will be fed with chilled water once completed in the next four to five years.

Digitalization plays a big part of the DCS project.

“The network of pipes throughout the system is constantly monitored with sensors, automatic valves and switches,” says Pierre Cheyron, CEO for Engie Services. 

“All our systems are set up to ensure the most efficient operations. We developed systems and the architecture necessary to ensure no service is interrupted. We have redundant systems internally and will soon also implement IoT devices in the Philippines, like we do in other countries” Cheyron adds.

“Engie has developed systems that monitor and control windmills, for example. This uses a lot of information technology and big data, as we can monitor all out windmills from around the world from headquarters. Imagine all the data we collect daily.

We know which machine is operating below efficient levels, or which one will be at the point of breaking down. So good is the data we collected, we have actually made recommendations to one of our suppliers to improve some part of their machine to increase its energy efficiency,” Holleaux adds to the conversation. 

PDDC’s DCS in Northgate Cyberzone has put the Philippines on the global map alongside the world’s key players in District Cooling System, such as Engie’s Climespace in Paris, France, and the Megajana in Cyberjaya, Malaysia.

The energy firm with a presence in 70 countries, and is listed in the Paris and Brussels stock exchanges. The company is focused on three business activities, namely low carbon generation from natural gas and renewable energy, energy infrastructure, and efficient solutions for its customers. It delivered €66 billion in revenues in 2016.
 
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