Manila Bulletin
By: Myrna M. Velasco
Published: March 18, 2013
The operating subsidiaries of joint venture firm SN Aboitiz Power ,Inc. (SNAP) have inked ancillary services procurement agreements (ASPA) for Magat and Ambuklao hydro power plants.
The ancillary services deals were sealed with the National Grid Corporation of the Philippines (NGCP), operator of the country’s electric transmission system.
SNAP’s half-parent firm Aboitiz Power has noted in its disclosure to the Philippine Stock Exchange (PSE) that the ASPA covered 155MW capacity from the 360-MW Magat plant; and another 95MW from the 105-MW Ambuklao facility.
“The ASPAs are valid for three years from the issuance of a provisional or final approval by the Energy Regulatory Commission,” the listed firm said.
NGCP generally procures power supply for its ancillary services requirements to ensure reliability of service as well as the quality of power being wheeled to load customers.
The officials of the transmission firm have earlier indicated that they have been sourcing ancillary services supply at lower costs from power generators.
The Aboitiz firm similarly noted that its other affiliate Therma Luzon, Inc. closed an ASPA deal to serve NGCP’s need for contingency reserve.
“TLI signed an ASPA with NGCP covering both firm and non-firm contracted capacities for contingency reserve at 60MW during off-peak period and 60MW during peak hours,” it reiterated.
This particular ancillary services pact will be valid for five years from the date of approval by the power industry regulator.
The asset under TLI is the 735-MW Pagbilao coal plant. The Aboitiz firm serves as the independent power producer administrator (IPPA) of the privatized supply contract of the plant – which means that it is responsible for the sale as well as offer of supply contracts for the facility’s generated capacity. source
The ancillary services deals were sealed with the National Grid Corporation of the Philippines (NGCP), operator of the country’s electric transmission system.
SNAP’s half-parent firm Aboitiz Power has noted in its disclosure to the Philippine Stock Exchange (PSE) that the ASPA covered 155MW capacity from the 360-MW Magat plant; and another 95MW from the 105-MW Ambuklao facility.
“The ASPAs are valid for three years from the issuance of a provisional or final approval by the Energy Regulatory Commission,” the listed firm said.
NGCP generally procures power supply for its ancillary services requirements to ensure reliability of service as well as the quality of power being wheeled to load customers.
The officials of the transmission firm have earlier indicated that they have been sourcing ancillary services supply at lower costs from power generators.
The Aboitiz firm similarly noted that its other affiliate Therma Luzon, Inc. closed an ASPA deal to serve NGCP’s need for contingency reserve.
“TLI signed an ASPA with NGCP covering both firm and non-firm contracted capacities for contingency reserve at 60MW during off-peak period and 60MW during peak hours,” it reiterated.
This particular ancillary services pact will be valid for five years from the date of approval by the power industry regulator.
The asset under TLI is the 735-MW Pagbilao coal plant. The Aboitiz firm serves as the independent power producer administrator (IPPA) of the privatized supply contract of the plant – which means that it is responsible for the sale as well as offer of supply contracts for the facility’s generated capacity. source
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