Connect with us

Hi, what are you looking for?

Economy

Energy dep’t clears 3 geothermal bidders for next auction stage

THE Department of Energy (DoE) has allowed three geothermal companies to proceed to the next stage of the open and competitive selection process round three (OCSP3), after declaring the applicants to be compliant with all requirements at the opening of bids Monday.

The three bidders declared eligible are Energy Development Corp. (EDC), Philippine Geothermal Production Company, Inc. (PGPC) and Mase Power Corp. (MPC), after receiving 13 applications for 11 Predetermined Areas (PDAs), out of the 22 PDAs offered under the OCSP3.

The OCSP3 selection and bidding process was launched last month, requiring applicants to submit, among other items, a work program and their technical and financial qualifications. The three will undergo further document evaluation until March 2.

EDC submitted bids for the 27-megawatt (MW) Daklan geothermal project, and 17-MW Puting Lupa geothermal project. PGPC submitted bids for Daklan and the 30-MW Mount Labo Geothermal projects; and MPC submitted a bid for the 17-MW Puting Lupa project.

“Three of five predetermined areas (for geothermal projects) have received a proposal,” Director of the DoE’s Renewable Energy Management Bureau (REMB) Mylene C. Capongcol said during the opening of OCSP3 bids. She said the PDAs containing the sites of the prospective 9 MW Itogon and 4-MW Maricaban Island geothermal projects received no bids.

In a statement Tuesday, the DoE said that “all geothermal applications had complete documentary requirements.”

On Monday, the DoE announced that no bidders have been qualified for its OCSP3 hydropower projects, due to failure to comply with documentary requirements.

Total Power, Inc. (TPI) and Century Peak Energy Corp. (CPEC) submitted eight proposals for various hydro projects, but were not allowed to move on to the next stage of the bidding, pending submission of documents required by the DoE.

TPI submitted bids for the Plants A (3.2 MW) and C (0.8 MW) of the Amlan Hydroelectric power project, and the 2.1-MW Tibao project.

CPEC applied for the upper (4.8 MW) and lower (3 MW) cascade of Hilabangans; the upper (4.5 MW) and lower cascade (3.1 MW) of Maninila; and the middle cascade (4 MW) of the Sibalom hydro project.

According to the DoE, all applicants have until Feb. 18 to file motions for reconsideration.

During the opening of bids, Ms. Capongcol said there were no bidders for the 3 MW Dalanas, the 3 MW Aklan River Lower East Tributary, the 2.4 MW Aklan River Middle West Tributary, the 2.4 MW Aklan River Upper West Tributary, the 0.3 MW Vera Falls, the 0.2 MW Palali, the 0.2 MW Coyaoyao Upper Cascade, the 1.4 MW Dapnan, and the 52-MW Balintingon projects.

In a timeline released last month, the DoE said that it aimed to complete the legal, technical and financial evaluation of documents by March 2, and obtain the Secretary of Energy’s approval for the results by March 16. It added that it plans to award the contracts for OCSP3 projects by April 14. — Angelica Y. Yang

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

JAKARTA — Armed with the world’s largest reserves of nickel and a ban on the export of nickel ore, Indonesia is making itself indispensable...

Economy

LONDON — Britain faces its largest ever strike by health workers on Monday as tens of thousands of nurses and ambulance workers walk out...

Economy

SINGAPORE — Polluting single-use plastic production rose by 6 million tons per year from 2019 to 2021 despite tougher worldwide regulations, with producers making...

Economy

BAMAKO — The Malian interim government on Sunday said the head of the United Nations (UN) peacekeeping mission’s human rights division had 48 hours...

Economy

LVIV — Ukraine has sent letters to companies that back the International Olympic Committee (IOC) urging them to keep Russian athletes out of the...

Economy

SYDNEY — Australian Prime Minister Anthony Albanese will push for bipartisan support on a referendum that aims to set up an Indigenous consultative committee...

You May Also Like

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.