Business Mirror
Published : Tuesday, September 13, 2011 00:00 Written by : EUAN PAOLO C. ANONUEVO
THE Energy Regulatory Commission (ERC) has given Aboitiz Power Corp.’s joint venture the go signal to start commercial operations of a hydroelectric power plant in Benguet province.
In a decision, the regulator said that AP, through majority-controlled joint venture SN Aboitiz Power-Benguet Inc. met the requirements for the certificate of compliance to operate the 104.55-megawatt Ambuklao hydro plant in Bokod town.
The COC will allow SNAP Benguet to operate the Agno River-powered facility for five years.
The COC is a pre-requisite to the commercial operation of a power plant, attesting to its adherence to the environmental, technical and financial standards set forth by the ERC.
The COC also certifies that the owner of the generation facility is compliant to the cross-ownership and market share limitations periodically set by the ERC to safeguard consumers from abuse of market power.
SNAP Benguet operates as an independent power producer and trades electricity through the Wholesale Electricity Spot Market.
SNAP Benguet acquired the Ambuklao plant in 2008.
The company, however, has had to rehabilitate the heavily silted facility.
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