By Danessa O. Rivera (The
Philippine Star) | Updated October 31, 2015 - 12:00am
MANILA, Philippines - Renewable
energy firm Emerging Power Inc. has signed a tripartite Universal Charge for Missionary
Electrification (UCME) agreement with state-run National Power Corp. (Napocor)
and two electric cooperatives (ECs) in Mindoro province.
Signed last Oct. 26, the agreement
allows Napocor to provide appropriate UCME subsidy to EPI for its 40-megawatt
(MW) geothermal power plant in Naujan, Oriental Mindoro, Emerging Power said in
a statement.
The two electric cooperatives were
Oriental Mindoro Electric Cooperative (Ormeco) and Occidental Mindoro Electric
Cooperative (Omeco).
The UCME agreement is also a
requirement precedent to the power supply agreement of EPI with Omeco and
Ormeco.
EPI president Martin Antonio Zamora
said the firm’s geothermal project would bring Mindoro towards energy
independence.
“This UCME agreement is a testament
that renewable energy is not only good for the environment, it is also friendly
on the pocket. The island will be the poster boy for clean, reliable and
cost-efficient energy,” Zamora, said.
Under the Electric Power Industry
Reform Act (EPIRA) of 2001, is collected from end-users which will be used for
the electrification of remote communities or areas not connected to the main
transmission grid.
The 40-MW geothermal project is
expected to deliver its first 10 MW by April 2017.
Being a renewable energy
development, EPI said its geothermal project would not rely on international
fuel prices, cutting down the cost of power generation in the island by half.
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