Manila Times.net
Published : Wednesday, October 26, 2011 00:00 Written by : EUAN PAULO C. AÑONUEVO REPORTER
THE Department of Energy has pushed back the public bidding round for coal exploration and development contracts to December.
Undersecretary Jay Layug said the department decided to move the Philippine Energy Contracting Round 5 for coal from this month, as it has yet to finalize the areas that will be auctioned off.
“We are still awaiting confirmation on some areas to be offered,” he said.
The DOE earlier said it would bid out 10 prospective coal projects mostly in Mindanao but has so far processed only five of these areas.
The projects will be offered under the PECR, a public bidding round for energy projects started in 2005 to spur the development of indigenous power sources.
Layug earlier said the DOE is still awaiting the go signal from the Department of Environment and Natural Resources on additional coal areas that will be bid out by the DOE to ensure that none of these sites overlap.
Energy Secretary Jose Rene Almendras earlier said they would want to pursue more coal projects to help address the country’s baseload or 24-hour power requirements.
Coal is considered one of the cheapest fuels for electricity production and takes up roughly over a quarter of the country’s power generation mix.
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