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Tuesday, February 25, 2014

Philippines:

Mindoro Geothermal Power Supply Deal Finalized (Business Mirror)

Renewable-energy developer Emerging Power Inc. (EPI) and Occidental Mindoro Electric Cooperative Inc. (Omeco) are set to sign a power-supply contract this Friday.

EPI will become the sole supplier of geothermal energy for the entire island of Mindoro after it recently agreed with Oriental Mindoro Electric Cooperative Inc. (Ormeco) on a similar deal.

EPI is expected to sign the power- supply agreement (PSA) with Omeco on February 28, said its spokesman Gani Capaning.

Under the agreement, EPI will provide 20 MWe to Omeco to be sourced from its $180-million Montelago geothermal power facility in Oriental Mindoro. EPI also supplies 20 MW to Ormeco.

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