By Danessa O Rivera (The Philippine Star) | Updated January 4, 2016 -
12:00am
MANILA, Philippines - A unit of
Aboitiz Power Corp. has forged a two-year supply agreement with the Cotabato
Light and Power Co. Inc. (CLPC).
In a joint application with the
Energy Regulatory Commission (ERC), Therma Marine Inc. (TMI) and CLPC are
seeking regulatory approval of their energy supply agreement (ESA) including
all the rates, fees and charges set out therein.
Under the agreement, TMI will supply
and deliver one megawatt to CLPC for two years not later than Dec. 25, 2017.
TMI and CLPC cited the continuing
tight supply in the Mindanao grid, with the latter implementing rotational
brownouts.
“The ESA with TMI is indispensable
to immediately narrow the power supply gap that CLPC requires in order to
minimize the power outages in its franchise area,” the joint application said.
CLPC distributes power to the
end-users in the city of Cotabato and portions of the municipalities of Sultan
Kudarat and Datu Odin Sinsuat, all in the province of Maguindanao.
The power distributor undertook
competitive selection process (CSP) pending the renewal of contract for supply
of electricity energy (CSEE) with the National Power Corp.
TMI was one of the power generators
that bagged an ESA, along with Western Mindanao Power Corp.
If approved, customers of CLPC will
see an additional generation charge of P0.1988 per kilowatt-hour in their
monthly bills.
“The approvals sought, provisional
and final, will ultimately redound to the benefit of the customers of CLPC in
terms of continuous, reliable, efficient and affordable power supply,” the
joint application said.
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