By Danessa Rivera (The
Philippine Star) | Updated January 28, 2018 - 12:00am
MANILA, Philippines — The Department
of Energy (DOE) has endorsed 29 power projects with over 1,500 megawatts (MW)
in capacity.
Of the 29 endorsed projects, there
are 15 renewable energy plants, 10 diesel-fired plants, three power barges and
only one coal-fired plant, data from the DOE showed.
The biggest of the lot is the
1,000-MW coal-fired power plant of Orion Pacific Prime Energy Inc. located in
Barangas Awasan, Tagkawayan, Quezon.
Under the renewable energy projects,
seven are solar projects, five are hydropower projects and three are biomass
projects.
These included the 100-MW solar farm
in Tanauan, Batangas of Solar Philippines Tanauan Corp., 50-MW solar plant in
San Miguel, Bulacan of Power Source First Bulacan Solar Inc. and the 100-MW
solar farm in Concepcion, Tarlac of Solar Philippines Tarlac Corp. (SPTC).
Solar Philippines Tanauan and Power
Source have struck a deal to supply Manila Electric Co. with 50 MW each and are
awaiting the approval of the Energy Regulatory Commission (ERC) on the power
supply agreements (PSAs). The supply will be sold at P4.69 per kilowatt-hour
(kwh) and at P5.39 per kwh, respectively.
Meanwhile, Solar Philippines Tarlac
will provide the power distributor with 85-MW supply at a rate of P2.9999 per
kwh starting 2018.
The COE is a requirement for the
issuance of Certificate of Compliance (COC) by the Energy Regulatory Commission
(ERC), which is necessary before any generation company can commence commercial
operations.
The COC has a term of five years
during which period the generators are required to comply with the terms and
conditions set forth in the ERC’s guidelines on the issuance of certificate of
compliance for generation companies/facilities that include reportorial,
technical and financial requirements.
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