April 25, 2018, 3:08 pm
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1 Philippine Peso = 0.07044 UAE Dirham
1 Philippine Peso = 2.01285 Albanian Lek
1 Philippine Peso = 0.03414 Neth Antilles Guilder
1 Philippine Peso = 0.3869 Argentine Peso
1 Philippine Peso = 0.02498 Australian Dollar
1 Philippine Peso = 0.03414 Aruba Florin
1 Philippine Peso = 0.03836 Barbados Dollar
1 Philippine Peso = 1.59992 Bangladesh Taka
1 Philippine Peso = 0.03047 Bulgarian Lev
1 Philippine Peso = 0.00723 Bahraini Dinar
1 Philippine Peso = 33.58228 Burundi Franc
1 Philippine Peso = 0.01918 Bermuda Dollar
1 Philippine Peso = 0.025 Brunei Dollar
1 Philippine Peso = 0.13157 Bolivian Boliviano
1 Philippine Peso = 0.06531 Brazilian Real
1 Philippine Peso = 0.01918 Bahamian Dollar
1 Philippine Peso = 1.26103 Bhutan Ngultrum
1 Philippine Peso = 0.18432 Botswana Pula
1 Philippine Peso = 383.96625 Belarus Ruble
1 Philippine Peso = 0.03832 Belize Dollar
1 Philippine Peso = 0.02447 Canadian Dollar
1 Philippine Peso = 0.01871 Swiss Franc
1 Philippine Peso = 11.4346 Chilean Peso
1 Philippine Peso = 0.12071 Chinese Yuan
1 Philippine Peso = 52.91139 Colombian Peso
1 Philippine Peso = 10.76908 Costa Rica Colon
1 Philippine Peso = 0.01918 Cuban Peso
1 Philippine Peso = 1.72344 Cape Verde Escudo
1 Philippine Peso = 0.3961 Czech Koruna
1 Philippine Peso = 3.39145 Djibouti Franc
1 Philippine Peso = 0.1164 Danish Krone
1 Philippine Peso = 0.94764 Dominican Peso
1 Philippine Peso = 2.1869 Algerian Dinar
1 Philippine Peso = 0.24445 Estonian Kroon
1 Philippine Peso = 0.33832 Egyptian Pound
1 Philippine Peso = 0.52167 Ethiopian Birr
1 Philippine Peso = 0.01562 Euro
1 Philippine Peso = 0.03879 Fiji Dollar
1 Philippine Peso = 0.01369 Falkland Islands Pound
1 Philippine Peso = 0.01368 British Pound
1 Philippine Peso = 0.08493 Ghanaian Cedi
1 Philippine Peso = 0.89893 Gambian Dalasi
1 Philippine Peso = 172.6122 Guinea Franc
1 Philippine Peso = 0.1407 Guatemala Quetzal
1 Philippine Peso = 3.94879 Guyana Dollar
1 Philippine Peso = 0.15041 Hong Kong Dollar
1 Philippine Peso = 0.4519 Honduras Lempira
1 Philippine Peso = 0.11558 Croatian Kuna
1 Philippine Peso = 1.23341 Haiti Gourde
1 Philippine Peso = 4.85501 Hungarian Forint
1 Philippine Peso = 266.4557 Indonesian Rupiah
1 Philippine Peso = 0.06754 Israeli Shekel
1 Philippine Peso = 1.26972 Indian Rupee
1 Philippine Peso = 22.70809 Iraqi Dinar
1 Philippine Peso = 805.52361 Iran Rial
1 Philippine Peso = 1.92079 Iceland Krona
1 Philippine Peso = 2.37438 Jamaican Dollar
1 Philippine Peso = 0.01359 Jordanian Dinar
1 Philippine Peso = 2.06782 Japanese Yen
1 Philippine Peso = 1.91408 Kenyan Shilling
1 Philippine Peso = 1.31497 Kyrgyzstan Som
1 Philippine Peso = 76.83161 Cambodia Riel
1 Philippine Peso = 7.65286 Comoros Franc
1 Philippine Peso = 17.26122 North Korean Won
1 Philippine Peso = 20.47315 Korean Won
1 Philippine Peso = 0.00575 Kuwaiti Dinar
1 Philippine Peso = 0.01573 Cayman Islands Dollar
1 Philippine Peso = 6.25738 Kazakhstan Tenge
1 Philippine Peso = 158.78405 Lao Kip
1 Philippine Peso = 28.8646 Lebanese Pound
1 Philippine Peso = 2.99962 Sri Lanka Rupee
1 Philippine Peso = 2.50441 Liberian Dollar
1 Philippine Peso = 0.23188 Lesotho Loti
1 Philippine Peso = 0.05847 Lithuanian Lita
1 Philippine Peso = 0.0119 Latvian Lat
1 Philippine Peso = 0.02539 Libyan Dinar
1 Philippine Peso = 0.17621 Moroccan Dirham
1 Philippine Peso = 0.31433 Moldovan Leu
1 Philippine Peso = 0.95589 Macedonian Denar
1 Philippine Peso = 25.29728 Myanmar Kyat
1 Philippine Peso = 45.79977 Mongolian Tugrik
1 Philippine Peso = 0.15492 Macau Pataca
1 Philippine Peso = 6.75105 Mauritania Ougulya
1 Philippine Peso = 0.64212 Mauritius Rupee
1 Philippine Peso = 0.29862 Maldives Rufiyaa
1 Philippine Peso = 13.71883 Malawi Kwacha
1 Philippine Peso = 0.35542 Mexican Peso
1 Philippine Peso = 0.07476 Malaysian Ringgit
1 Philippine Peso = 0.23032 Namibian Dollar
1 Philippine Peso = 6.88531 Nigerian Naira
1 Philippine Peso = 0.59455 Nicaragua Cordoba
1 Philippine Peso = 0.15025 Norwegian Krone
1 Philippine Peso = 2.02693 Nepalese Rupee
1 Philippine Peso = 0.02661 New Zealand Dollar
1 Philippine Peso = 0.00738 Omani Rial
1 Philippine Peso = 0.01918 Panama Balboa
1 Philippine Peso = 0.06167 Peruvian Nuevo Sol
1 Philippine Peso = 0.06232 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.21711 Pakistani Rupee
1 Philippine Peso = 0.06525 Polish Zloty
1 Philippine Peso = 105.81128 Paraguayan Guarani
1 Philippine Peso = 0.06981 Qatar Rial
1 Philippine Peso = 0.07297 Romanian New Leu
1 Philippine Peso = 1.17426 Russian Rouble
1 Philippine Peso = 16.19889 Rwanda Franc
1 Philippine Peso = 0.07192 Saudi Arabian Riyal
1 Philippine Peso = 0.14921 Solomon Islands Dollar
1 Philippine Peso = 0.25758 Seychelles Rupee
1 Philippine Peso = 0.34621 Sudanese Pound
1 Philippine Peso = 0.1621 Swedish Krona
1 Philippine Peso = 0.02526 Singapore Dollar
1 Philippine Peso = 0.01369 St Helena Pound
1 Philippine Peso = 0.42589 Slovak Koruna
1 Philippine Peso = 146.33679 Sierra Leone Leone
1 Philippine Peso = 10.79785 Somali Shilling
1 Philippine Peso = 382.92676 Sao Tome Dobra
1 Philippine Peso = 0.16782 El Salvador Colon
1 Philippine Peso = 9.87687 Syrian Pound
1 Philippine Peso = 0.2317 Swaziland Lilageni
1 Philippine Peso = 0.60153 Thai Baht
1 Philippine Peso = 0.04709 Tunisian Dinar
1 Philippine Peso = 0.04287 Tongan paʻanga
1 Philippine Peso = 0.07793 Turkish Lira
1 Philippine Peso = 0.12937 Trinidad Tobago Dollar
1 Philippine Peso = 0.56552 Taiwan Dollar
1 Philippine Peso = 43.65171 Tanzanian Shilling
1 Philippine Peso = 0.50153 Ukraine Hryvnia
1 Philippine Peso = 70.73264 Ugandan Shilling
1 Philippine Peso = 0.01918 United States Dollar
1 Philippine Peso = 0.54066 Uruguayan New Peso
1 Philippine Peso = 154.48792 Uzbekistan Sum
1 Philippine Peso = 1138.30075 Venezuelan Bolivar
1 Philippine Peso = 436.67051 Vietnam Dong
1 Philippine Peso = 2.02071 Vanuatu Vatu
1 Philippine Peso = 0.04846 Samoa Tala
1 Philippine Peso = 10.24242 CFA Franc (BEAC)
1 Philippine Peso = 0.05178 East Caribbean Dollar
1 Philippine Peso = 10.24242 CFA Franc (BCEAO)
1 Philippine Peso = 1.85386 Pacific Franc
1 Philippine Peso = 4.79287 Yemen Riyal
1 Philippine Peso = 0.23169 South African Rand
1 Philippine Peso = 99.53011 Zambian Kwacha
1 Philippine Peso = 6.94093 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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