Originally published on businessmirror.com.ph
Energy Development Corp. (EDC) won the tender to supply baseload power to Central Negros Electric Cooperative (Ceneco), one of the biggest electric cooperatives in the Visayas region.
EDC, a subsidiary of First Gen Corp., will supply 20 megawatts (MW) to Ceneco for 10 years. It will commence in the last quarter of the year, once all requirements have been finalized and secured.
EDC has been supplying clean and renewable power to Ceneco since 2011, with a contracted demand of 20 MW. With this new contract, an additional 20 MW will be delivered making the total contracted demand at 40 MW.
Ceneco, EDC and First Gen officials recently held a ceremonial contract signing that marked the conclusion of the Competitive Selection Process for the power supply procurement.
The event was attended by Ceneco’s Board President Jojit Yap, Acting General Manager Arnel Lapore, and board members and First Gen representatives led by Vice President for Power Marketing, Economics, and Trading Carlos Lorenzo Vega and EDC’s Assistant Vice President and Head of Enterprise Commercial Gabriel Vergara.
The power supply contract is compliant with Renewable Portfolio Standards and aligned with the provincial government’s thrust to pursue and develop a diversified green economy and to transition to Reliable, Renewable, Available, Accessible, Affordable and Sustainable Energy in Occidental Negros by 2030.
EDC is First Gen Corporation’s 100 percent renewable energy subsidiary with over 1,480MW total installed capacity that accounts for 20 percent of the country’s total installed renewable energy capacity. Its almost 1,200MW geothermal portfolio comprises 62 percent of the country’s total installed geothermal capacity and has put the Philippines on the map as the 3rd largest geothermal producer in the world. ###