By Danessa Rivera (The
Philippine Star) | Updated May 1, 2016 - 12:00am
MANILA, Philippines – The Region 8
electric cooperatives (ECs) have signed long-term power supply deals with
GNPower Dinginin Coal Plant Ltd. Co., which is building a $1-billion coal-fired
power plant in Bataan.
GNPower has entered into separate
power purchase and sale agreements (PPSAs) with each member of the Region 8 ECs
after undergoing a competitive selection process.
Under the PPSAs, GNPower will supply
an aggregated baseload demand of 150 megawatts (MW) of the ECs for 20 years,
starting Dec. 26, 2018.
The Region 8 ECs are composed of Don
Orestes Romualdez Electric Cooperative Inc. Leyte II Electric Cooperative Inc.
Leyte III Electric Cooperative Inc. Leyte IV Electric Cooperative Inc. Leyte V
Electric Cooperative Inc. Southern Leyte Electric Cooperative Inc. Biliran
Electric Cooperative Inc. Northern Samar Electric Cooperative Inc. Samar I
Electric Cooperative Inc. Samar II Electric Cooperative Inc. and Eastern Samar
Electric Cooperative Inc.
The agreed capacity will be sourced
from its 2x600-MW coal-fired power plant in Mariveles, Bataan.
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