The bidding terms for the 640 MWe Unified Leyte geothermal power complex, which is acclaimed as world’s largest wet steam field, is out.
At stake is a contract as Independent Power Producer Administrator (IPPA) of the contracted capacities of the geothermal titan that is beating at the heart of a geothermal reservation in Leyte province.
On Thursday, March 7, Energy Secretary Carlos Jericho Petilla said the IPPA contract for the geothermal power complex will be auctioned off is designed to allow industries, electric cooperatives and large power to participate
The auction for the right to administer the 640 MWe capacity of the complex will be divided into:
- 240 MWe, a single contract
- 400 MWe at 1 MWe each per contract
