By Danessa Rivera (The
Philippine Star) | Updated April 18, 2016 - 12:00am
MANILA, Philippines – Anda Power
Corp. is seeking clearance for a 10-year power supply deal with a Cagayan power
distributor.
In a joint regulatory filing, Anda
Power Corp. and Cagayan I Electric Cooperative Inc. (CAGELCO I) asked the
Energy Regulatory Commission (ERC) to approve their power supply agreement
(PSA).
The ERC has set a hearing for their
application on June 16.
The PSA involves the supply of 12.5
megawatts for ten years.
The power supply will be sourced
from Anda Power’s $196.25-million, 82-megawatt coal-fired power plant within
the TECO Special Economic Zone in Mabalacat, Pampanga.
CAGELCO I said only Anda Power
responded to its requests for proposals (RFP) sent to four prospective
generating companies in July 2015.
Sourcing new suppliers will allow
the power distributor to meet its continuous load growth, as well as “mitigate
is exposure to the wholesale electricity spot market (WESM) and the price
volatility that comes with it.”
Simulations showed customers of CAGELCO
I will see reductions in their monthly electricity bills with the Anda Power
supply.
CAGELCO I distributes electricity to
the city of Tuguegarao and 11 municipalities in Cagayan namely Alcala, Amulung,
Baggao, Emile, Iguig, Penablanca, Piat, Rizal, Sto. Nino, Solana, and Tuao.
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