BUSINESS MIRROR
MONDAY, 20 DECEMBER 2010 18:21 PAUL ANTHONY A. ISLA / REPORTER
THE Energy Regulatory Commission (ERC) said Monday that it recently renewed the Certificate of Compliance of SN Aboitiz Power Magat Inc. (Snap Magat).
The ERC said the renewal allows Snap Magat’s hydroelectric power plant located in Ramon, Isabela to continue commercial operations for another five years.
Snap Magat’s HEPP has an installed capacity of 360 megawatts (MW) which is powered by the water resources of the Magat River in Ramon, Isabela.
The generation company sells 35 percent of power output to five electric cooperatives (ECs) through a bilateral contract with each of the ECs.
The ERC said the ECs buying power from Snap Magat include Quirino Electric Cooperative Inc. (Quirelco), Isabela II Electric Cooperative Inc. (Iselco II), Cagayan I Electric Cooperative Inc. (Cagelco I), Cagayan II Electric Cooperative Inc. (Cagelco II) and Ifugao Electric Cooperative Inc. (Ifelco).
The rest of Snap Magat’s generated power is traded in the Wholesale Electricity Spot Market (Wesm).
Aside from operating as a peaking plant, Snap Magat is also an ancillary service provider. It has an Ancillary Service Procurement Agreement (Aspa) with the National Grid Corp. of the Philippines, the concessionaire of the National Transmission Corp. (Transco) that operates the power transmission backbone of the country.
“The ERC is glad that the hydroelectric power plant formerly owned by the government and now run by Snap Magat remains to be in good operating condition.
Renewable-energy run plants help the country go clean and green in order to help mitigate the ill-effects of global warming,” Zenaida Cruz-Ducut, ERC chairperson, said.
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