Philippine Daily Inquirer / 05:14 AM
September 07, 2017
The Energy Regulatory Commission has
affirmed its authorization for two electricity supply contracts between the San
Miguel group and two electric cooperatives, and also gave provisional authority
on contracts with eight other utilities.
Most of the contracts involve San
Miguel Energy Corp. as the independent power producer administrator of the
1,200 MW Sual coal-fired power plant in Pangasinan.
The power plant—which has a
contracted capacity of 1,000 MW—is owned by Team Energy, a joint venture
between Marubeni Corp. and Tokyo Electric Power Corp.
In separate decisions, the ERC made
permanent the previous provisional approval of SMEC’s contracts with Ilocos
Norte Electric Cooperative and Cagayan II Electric Cooperative.
The contract with INEC was given
provisional approval on Aug. 22, 2012, and that for Cagelco II on Sept. 10 of
the same year.
Both decisions affirming
authorization were dated June 15, 2017, and both were docketed Aug. 31.
Also docketed on Aug. 31 but dated
May 23 were seven separate orders giving provisional authority to related
SMEC’s supply contracts with Samar I Electric Cooperative, Samar II Electric
Cooperative, Northern Samar Electric Cooperative, Southern Leyte Electric
Cooperative, Don Orestes Romualdez Electric Cooperative (also known as Leyte I
Electric Cooperative), Leyte II Electric Cooperative, and Leyte IV Electric
Cooperative. —RONNEL W. DOMINGO
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