Monday, April 4, 2016

FDC Utilities to supply power to Eastern Visayas electric cooperatives



By Danessa Rivera (The Philippine Star) | Updated April 4, 2016 - 12:00am

MANILA, Philippines – FDC Utilities Inc., the power business of the Gotianun family, has been cleared to supply power to three electric cooperatives (ECs) in Eastern Visayas to ensure secure and reliable power supply in the region.
In separate approvals, the Energy Regulatory Commission (ERC) provisionally approved the power supply agreements of FDC Utilities with Leyte III Electric Cooperative Inc., Leyte IV Electric Cooperative Inc. and Biliran Electric Cooperative Inc. .
Under the deals, FDC Utilities will supply one megawatt to each EC for a period of one year.
The power supply will be sourced from Unified Leyte Geothermal Power Plants, where the Gotianun power firm won the independent power producer administrator (IPPA) contract for the 40-MW output of the facility in November 2013.
In September 2014, the 11-member Region 8 ECs undertook a competitive bidding to power suppliers for its short-term supply of power for the contract years 2015 to 2018.
FDC Utilities bagged the supply contracts through a competitive bidding conducted by Region 8 ECs in November 2014 with the lowest price offer.
The ERC has yet to issue its decision on the PSAs of FDC Utilities with the other eight members of Region 8 ECs.
The other ECs are Don Orestes Romualdez Electric Cooperative Inc. , Leyte II Electric Cooperative Inc., Leyte V Electric Cooperative Inc., Southern Leyte Electric Cooperative Inc., Biliran Electric Cooperative Inc., Northern Samar Electric Cooperative Inc., Samar I Electric Cooperative Inc. , Samar II Electric Cooperative Inc., and Eastern Samar Electric Cooperative Inc.

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