by Madelaine
B. Miraflor March 1, 2016
Less
than two weeks after the completion of its first plant, renewable energy (RE)
company Citicore Power had again sought for Feed-In-Tariff (FIT) incentive this
time for its solar power plant in Bataan.
According
to Citicore, the power company has submitted all the documentary requirements
for the availment of the FIT for its 18-megawatts (MW) solar power project in
Mariveles.
Citicore Power executive vice
president Manolo Candelaria said the power facility will operate and inject
power to the Luzon grid before the FIT deadline on 15 March 2016.
“We
are optimistic both our Bataan and Silay solar power plants will be awarded the
FIT renewable energy incentive by the government. We have been coordinating non-stop
with officials from the Department of Energy, Energy Regulatory Commission,
National Grid Corp. of the Philippines and the Philippine Electricity Market
Corp.,” Candelaria said.
The
completion of Bataan solar power station comes barely a week after the
inauguration of its 25-MW solar facility in Silay, Negros Occidental.
The
Bataan solar power plant is the first solar farm in the province.
Located
in the Freeport Area of Bataan (FAB) in Barangay Alasasin, Mariveles , the
power plant spans 37 hectares and was done under project company Next
Generation Power Technology Corporation (NGPTC). The facility is made up of
over 68,500 photovoltaic (PV) modules.
It
is expected to power 22,000 homes connected to the Luzon grid.
Construction
was started in October 2015 by Megawide Construction Corporation.
The
plant is expected to help avoid 13,000 metric tons of carbon emissions per year
– equivalent to planting 600,000 trees over the life of the facility.
Project
funding was secured through Land Bank of the Philippines with Primeiro Partners
as financial consultants.
“The
almost-simultaneous completion of these two power plants shows that Citicore
Power is aggressive and serious in completing its renewable energy portfolio.
Our vision is to become one of Southeast Asia’s leading renewable energy
companies by 2020,” Candelaria further said.
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