By
Lenie Lectura - February 5, 2017
PHINMA Energy Corp. has
deferred plans to put up a 900-megawatt (MW) coal-fired power plant in Sual,
Pangasinan.
“Deferred. Maraming supply. Who knows
that by 2020 we may go for it?” Phinma Energy President Francisco Viray said.
He said the company
might revisit plans to push through with the power project “between 2020 and
2025”.
A memorandum of
agreement (MOA) was earlier signed between Phinma Energy and the local
government of Sual. If plans push through, this will be the second power plant
to be located in Sual.
Viray was president of
the National Power Corp. during the administration of President Fidel V. Ramos,
who first came to Sual in 1993 to ask the people to support the planned power
project. Under the MOA, the power firm plans to offer scholarships to deserving
students of Sual at the University of Pangasinan.
Phinma Energy is an
integrated power-solutions company engaged in power generation and electricity
supply, renewable energy and resource exploration and development.
Last
week Phinma Energy reported it had registered an additional 171
MW from close to 100 new contestable customers (CCs).
These CCs have chosen
Phinma Energy to supply electricity.
“We have 171 MW more.
The close to 100 customers have submitted their requirements and we are still
working to grow that number,” Phinma Energy Assistant Vice President Danielle
del Rosario said.
This brings the
company’s number of CCs to over 200 to date, with an
equivalent capacity of 400 MW.
The additional
customers mostly came from the manufacturing sector, business-process
outsourcings, office buildings, malls and schools, among others.
“Most of them are from
Meralco’s [Manila Electric Co.] franchise area while others are from other
distribution utilities. We were able to switch some of them last December and
January this year. There will be a few more switching to us this February or
before the deadline,” del Rosario said.
Based on amended rules
of the retail competition and open access [RCOA] policy, an end-user with an
average monthly peak demand of at least 1 MW is mandated to enter into a Retail
Supply Contract [RSC] with an RES by its mandatory contestability date
of February 26, 2017.
Mandatory contestability
for CCs with 750 kilowatt (kW) to 999-kW average peak demand remains to be
effective on June 26, 2017.
The rules also state
the lowering of the threshold to cover an end-user with an average monthly peak
demand of at least 500 kW is set on June 26, 2018.
“We want to be a
significant player in RES,” del Rosario said.
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