Philippines: Service Contracts for 134 MW Geothermal Energy Projects to be Awarded this Week

More service contracts for renewable energy due for award this week (BusinessWorld Online Edition)

Courtesy CIA.gov

New renewable energy (RE) service contracts are expected to be awarded to developers this week, an official from the Energy department said, noting this will mark the conclusion of the second round of open and competitive selection process (OCSP 2).

Mario C. Marasigan, director of the agency’s Renewable Energy Management Bureau, said the last leg of applications evaluation is due tomorrow.

This auction round covers four geothermal sites with aggregate potential capacity of up to 134 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.

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