By Danessa Rivera (The
Philippine Star) | Updated March 27, 2016 - 12:00am
MANILA, Philippines – GNPower Ltd.
Co. has signed several short-term power supply deals with 11 electric cooperatives
(ECs) from Eastern Visayas.
In separate filings with the Energy
Regulatory Commission (ERC), GNPower and the Region 8 ECs sought the approval
of the power supply agreements (PSA).
GNPower won the supply contracts
through a competitive bidding conducted by the eight ECs in late 2014 with the
lowest price offer of P5.05 per kilowatt-hour (kwh) for the supply of 43
megawatts.
Following negotiations, GNPower and
the ECs raised the supply capacity to 52 MW and lowered the contract price to
P4.96 per kwh.
Under the negotiated supply
contracts, GNPower will supply 52 MW to the 11 ECs in the region for one year
beginning Dec. 26 this year.
These electric cooperatives are
composed of Don Orestes Romualdez Electric Cooperative, Leyte II Electric
Cooperative, Leyte III Electric Cooperative, Leyte IV Electric Cooperative,
Leyte V Electric Cooperative, Southern Leyte Electric Cooperative, Biliran
Electric Cooperative, Northern Samar Electric Cooperative, Samar I Electric
Cooperative, Samar II Electric Cooperative, and Eastern Samar Electric
Cooperative.
According to the ECs, the additional
power from GNPower “is needed to curtail any power interruptions that may be
experienced by member-consumers due to inadequate power supply in the region.”
GNPower, owned by Nauruan-American
firm Power Partners Ltd. Co., owns the Bataan plant, which started operating in
2013.
Other investors in the Bataan plant
include Sithe Global Power LLC, a company owned by investors of The BlackStone
Group.
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