Region 8 power coops ink deal with GNPower
MANILA, Philippines – The Region 8 electric cooperatives (ECs) have signed long-term power supply deals with GNPower Dinginin Coal Plant Ltd. Co., which is building a $1-billion coal-fired power plant in Bataan.
GNPower has entered into separate power purchase and sale agreements (PPSAs) with each member of the Region 8 ECs after undergoing a competitive selection process.
Under the PPSAs, GNPower will supply an aggregated baseload demand of 150 megawatts (MW) of the ECs for 20 years, starting Dec. 26, 2018.
The Region 8 ECs are composed of Don Orestes Romualdez Electric Cooperative Inc. Leyte II Electric Cooperative Inc. Leyte III Electric Cooperative Inc. Leyte IV Electric Cooperative Inc. Leyte V Electric Cooperative Inc. Southern Leyte Electric Cooperative Inc. Biliran Electric Cooperative Inc. Northern Samar Electric Cooperative Inc. Samar I Electric Cooperative Inc. Samar II Electric Cooperative Inc. and Eastern Samar Electric Cooperative Inc.
The agreed capacity will be sourced from its 2x600-MW coal-fired power plant in Mariveles, Bataan.
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