By Danessa O. Rivera (The
Philippine Star) | Updated December 21, 2015 - 12:00am
MANILA, Philippines - Helios Solar
Energy Corp. is seeking regulatory approval to construct a transmission line
connecting its 132.5-megawatt (MW) solar farm in Negros Oriental to the Visayas
grid.
Helios, formerly called Phil-Power
Solar Energy Corp. (PPSEC), filed an application with the Energy Regulatory
Commission (ERC) to develop, own and operate dedicated point-to-point limited
facilities to connect to the transmission system of the National Grid Corp. of
the Philippines (NGCP).
The estimated cost for the
transmission line is P56.22 million.
The company is currently building a
132.5-MW solar plant in Cadiz City, Negros Occidental.
The facility, which was originally
intended to have a 100-MW capacity, is targeted for completion by January 2016
to help address the need for additional supply in the Visayas grid and beat the
deadline for the feed-in tariff (FIT) allocation, the firm said.
The point-to-point transmission
facility is necessary to test, commission and dispatch the solar farm’s
generating capacity to the grid.
Solar developers have until March
2016 to complete and produce power from their projects to be eligible to
receive the new P8.69 per kilowatt-hour (kwh) FIT rate, among other incentives.
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