MANILA, Philippines - Lopez-led Energy Development Corp. (EDC), is now supplying power to the Central Luzon State University (CLSU), the oldest and largest state university in Region 3, with green energy under the retail competition and open access (RCOA) regime.
EDC said it supplies CLSU with up to 2.9 megawatts (MW) of power following a retail supply contract with EDC affiliate First Gen Energy Solutions Inc., a retail electricity supplier (RES).
Under the contract, EDC provides CLSU’s 658-hectare campus with green power from its geothermal power station in Bicol, which started on June 26, 2016.
“The entire CLSU campus will benefit from environment-friendly power all year round and not rely on imported and carbon-emitting fossil fuel energy sources or stopgap supply measures that could not guarantee reliable and uninterruptible power,” EDC vice president for corporate affairs Ricky Carandang said.
“In addition, we are committed to provide CLSU with customized energy solutions, fair pricing, competent technical assistance and responsive customer support at all times,” he said.
Under the RCOA scheme, contestable customers are given the choice to choose their power supplier, a scheme aimed to foster competition in the generation and supply sector.
EDC is the country’s leading producer of geothermal energy with total installed capacity of 1,169 MW in Leyte, Negros Islands, Bicol and North Cotabato.
It also owns and operates the 150-MW wind farm in Burgos, Ilocos Norte and has 60 percent equity in the 132-MW Pantabangan-Masiway hydropower plants in Nueva Ecija.