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MONDAY, 04 JUNE 2012 20:51 PAUL ANTHONY A. ISLA / REPORTER
THE Energy Regulatory Commission (ERC) said on Monday that it had recently issued a Certificate of Compliance (COC) to Hedcor, Inc.’s (Hedcor) 3.8968-megawatt (MW) Irisan 1 Hydroelectric Power Plant in Tuba, Benguet.
The entire generation output of Irisan 1, the ERC said will be fed to the Luzon power grid through the 69 kilovolt (kV) line of the National Grid Corp. of the Philippines Aguyad Main Substation and will be sold to distribution utilities and other qualified buyers through bidding in the Wholesale Electricity Spot Market.
“The ERC is glad that another plant has been completed and more so since it uses a renewable noncarbon gas-emission source. This plant will fortify the generation capacity of the country and can pre-empt events where power demand out-shadows supply,” Zenaida Ducut, ERC chairman, said.
She, likewise, assured that ERC will impose strict standards in the evaluation of COC applications to ensure stable supply of electricity to end-users.
ERC said a COC is a legal requirement prior to a power generation company’s commercial operations attesting compliance to environmental, technical and financial standards set forth in the Rules for the Issuance of Certificate of Compliance for Generation Companies/Facilities (Revised Rules).
ERC added that it 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 electricity consumers from abuse of market power by the market participants.
The COC is valid for five years and must be renewed six months prior to its expiration, the ERC said.
Hedcor is engaged in the business of owning, developing, constructing, operating, repairing and maintaining hydro-electric power plant systems, renewable and indigenous power generation plants and other types of power generation or converting stations, and to act as holding company or joint-venture partners or investors in the business of developing, operating and/or owning power generation plants and/or converting stations.
It is a wholly owned subsidiary of Aboitiz Renewable Inc. (ARI). ARI is a wholly owned subsidiary of the Aboitiz Power Corp. (AboitizPower) with the ultimate parent being Aboitiz and Co. Inc.
ERC said Hedcor has extensive experience in the development, design and operation of clean and renewable-energy projects and is considered to be the largest developer and operator of mini-hydroelectric power plants in the Philippines.
ERC added that Hedcor and its affiliate companies have complied with the restriction on market share limitation prescribed under Section 45 of the Electric Power Industry Reform Act. source
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