Defining the News
Power retailer Manila Electric Co. asked the Department of Energy to approve the terms of reference for the conduct of a new competitive selection process for 1,800 megawatts of capacity.
San Miguel Global Power Holdings Corp.’s subsidiaries Excellent Energy and Masinloc Power Partners Co. Ltd. issued notices of termination of its 20-year PSAs with Meralco for 1,200 MW and 600 MW, respectively, in March. “We already granted their request for withdrawal of the application. It has been approved but since they have not completed, they haven’t done the CSP, they have to observe the new CSP guidelines. Because the binding rules would be the set of rules at the time you filed. Because there is a new one, they have to comply,” ERC chairperson Monalisa Dimalanta said.
“We intend to replace this capacity thru CSP in compliance with ERC and DOE rules. We have already submitted a new TOR for this 1,800 MW CSP to DOE last Sept. 14 and awaiting its approval,” Valles said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meralco, SMC power unit seek approval of 330-MW supply dealDefining the News
Read more »
Liechtenstein-based firm joins group to build 2 offshore wind projects in PHDefining the News
Read more »
DBP grants P375-m loan to Puerto Princesa water districtDefining the News
Read more »
Stocks slightly rise, buck higher US inflationDefining the News
Read more »
DOTr turns over EVs, charging stations to LGUsDefining the News
Read more »
Converge building ‘tech city’ in PampangaDefining the News
Read more »