Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

13 power projects endorsed to ERC for operating permits

THE Department of Energy (DoE) endorsed 13 projects involving new and operational power plant projects to the Energy Regulatory Commission (ERC) in August, bringing them closer to obtaining operating permits.

The power projects have a combined potential capacity of more than 1,000 megawatts (MW). 

“In August 2024, the DoE issued 13 CoEs (certificates of endorsement) to ERC, which are composed of eight amendments and five new applications,” the DoE said in a document posted on its website.

A CoE is a prerequisite for generation facilities to be issued a certificate of compliance (CoC).

Of the total endorsements last month, four are conventional projects powered by diesel. The DoE also issued endorsements to eight renewable energy projects and one battery energy storage system (BESS).

Among the biggest projects is the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant complex in Laguna with a combined total capacity of more than 700 MW.

The CBK hydro facilities are currently under a 25-year build-rehabilitate-operate-transfer and power purchase agreement between independent power producer CBK Power Co. Ltd. and National Power Corp., which will expire in 2026.

CBK is a major privatization project of state-run Power Sector Assets and Liabilities Management which is up for bidding this year.

Endorsements were also issued to Energy Development Corp.’s 226.135-MW Mahanagdong Geothermal Power Project in Leyte; Greenergy for Global, Inc.’s 63.96-megawatt peak (MWp) Cordon Solar Power Project in Isabela; Masinloc Power Co. Ltd.’s 35.258-MW Masinloc BESS in Bohol; and Dagohoy Green Energy Corp.’s 27.120-MWp Dagohoy Solar Power Project in Bohol.

The list also includes DMCI Power Corp.’s 8.826-MW Aborlan Bunker-Fired Power Plant in Palawan; Occidental Mindoro Consolidated Power Corp.’s 7.4-MW SMRA Solar Power Plant and 0.672 megawatt-hour BESS in Occidental Mindoro; and Dupinga Mini Hydro Corp.’s 4.68-MW Dupinga Hydroelectric Power Project in Nueva Ecija.

The National Power Corp.’s 0.420-MW Chico Diesel Power Plant in Masbate, 0.08-MW Butawanan Diesel Power Plant in Camarines Sur, and 0.158-MW Tara Diesel Power Plant in Palawan, were also issued endorsements.

In October, the ERC issued a resolution requiring CoCs for the operation of new generation facilities without the need for renewal but with an obligation to maintain the validity of the underlying permits. — Ashley Erika O. Jose

    You May Also Like

    Stock Markets

    RUELLE CANINO (left) and GM Janelle Mae Frayna (right) — PHILSTAR FILE PHOTO BUDAPEST, Hungary — GM Janelle Mae Frayna and wonder girl Ruelle...

    Finance

    Labour’s plan to overhaul the non-dom tax regime could cost the UK government up to £1 billion as wealthy individuals flee the country, a...

    Finance

    Running a business in the UK comes with a myriad of responsibilities, and understanding your tax obligations is one of the most critical aspects....

    Stock Markets

    By Justine Irish D. Tabile, Reporter INFORMATION TECHNOLOGY and business process management (IT-BPM) companies in the Philippines face a shortage in artificial intelligence (AI)-equipped...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Captain Of Success. All Rights Reserved.