December 20, 2024 | 12:00am
MANILA, Philippines — Six new and existing power projects secured certificates of endorsement (COE) from the Department of Energy (DOE) in November, moving a step closer to commercial operations.
The DOE said power projects with a combined capacity of about 440.17 megawatts (MW) were endorsed to the Energy Regulatory Commission (ERC) last month.
The list includes four conventional facilities and two renewable energy projects, according to the latest DOE data.
The COE is a requirement for the issuance of a certificate of compliance (COC) by the ERC, which is necessary for any generation company prior to starting commercial operations.
The COC has a term of five years during which period the generators are required to comply with the terms and conditions set forth in the ERC’s guidelines, which include reportorial, technical and financial requirements.
Among the biggest projects by capacity that secured COEs in November include Malita Power Inc.’s 300-MW circulating fluidized bed coal-fired thermal power plant in Davao Occidental and Citicore Solar Batangas 1 Inc.’s 125.2-MW peak solar project in Batangas.
Endorsements were also issued to Samar 2 Electric Cooperative Inc.’s 1.1-MWp solar project in Samar, DMCI Power Corp.’s 8.83-MW peaking power plant in Palawan, Suweco Tablas Energy Corp.’s 3.36-MW diesel plant in Romblon and National Power Corp.’s 1.63-MW diesel plant in Samar.
Once operational, these generation facilities are expected to power around 400,000 homes.
From January to November, the DOE issued COEs to 138 power projects, comprising 69 conventional, 47 renewable, and 22 energy storage system components.
The commercial operations of these projects would help meet the rising power demand in the country.
Under the Philippine energy scenario, the DOE is seeing peak demand growing by around 5.3 percent annually until 2028.
By 2050, the country’s peak demand is projected to reach 68.5 gigawatts, a threefold increase from the 16.6 GW recorded in 2022.
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