Philippines expected to award geothermal service contracts this week
Leyte geothermal plant, Philippines (source: video snapshot, CNN Money)
Alexander Richter
1 Eyl 2015
As part of the awards of renewable energy service contracts in the Philippines, there service contracts to be awarded for four geothermal sites with an expected total generation capacity potential of 134 MW.
In announcement by the Renewable Energy Management Bureau in the Philippines, the agency is expected to award renewable energy service contracts this week. This award will mark the conclusion of the second round of open and competitive selection process (OCSP 2), so Mario C. Marasigan, director of the agency’s Renewable Energy Management Bureau,
The target date for the release of the awards is September 4, 2015. The opening of proposals for the new RE contracts was held in May.
Under the OCSP 2, the Energy department offered 21 RE sites for development and utilization.
This auction round covers four geothermal sites with aggregate potential capacity of up to 134 megawatts (MW). A total of eight offers for four geothermal concession areas were received.
For geothermal, Repower Energy Development Corp.; Cabalian Bay Company, Inc.; and Aboitiz Renewables, Inc. submitted offers for area 2, which covers the Southern Leyte geothermal prospect.
For area 3 — covering the Amacan geothermal prospect in Compostela Valley — APC Energy Resources, Inc.; Emerging Power, Inc.; Energy Development Corp.; Biliran Geothermal, Inc.; and Repower participated.
The contracts to be awarded will provide for pre-development stage of two years for projects involving less than 50 MW and five years for those involving at least 50 MW. The development stage will run for 25 years from effectivity of the contract, renewable for up to 25 more years.
The first round of OCSP was conducted by the Energy department in 2009, where it awarded eight geothermal service contracts.
Data from the Energy department showed that as of end-June, the government had awarded 679 RE contracts since the enactment of Republic Act No. 9513, or the RE Act of 2008. Projects with capacity totaling 3,902.30 MW are operational, while 12,407.94 MW are in various stages of development. The government has been pushing development of indigenous sources of energy in a bid to reduce dependence on imported oil.”
Source: Business World Online
