Rural electric cooperative signs geothermal PPA with Aboitiz in Philippines
A local rural electric cooperative has signed geothermal power purchase agreement with AP Renewables (Aboitiz Group) for 3.0 MW power generation capacity and 20 MW emergency capacity from its Tiwi and MakBan geothermal plants.
As reported locally, Batangas II Electric Cooperative, Inc. (BATELEC II), among the Philippines’ biggest among league of rural power utilities, has signed a power purchase agreement with Aboitiz Power Corporation.
The power supply agreement entails the supply of 3.0 MW of electric power generation capacity to BATALEC II from the Tiwi and Makiling-Banahaw (MakBan) geothermal power plants of Aboitiz. No details on the pricing or duration of the contract was announced.
AP Renewables Inc., a subsidiary of Aboitiz Power and operator of the Tiwi and MakBan plants, will further supply BATALEC II with a 20-MW emergency power supply for a period of one year or from December 26, 2019 to December 25, 2020.
The Batangas electric cooperative has rated peak demand of 132 MW, hence, it is manifest that it will just be sourcing a marginal portion of its supply portfolio from the geothermal facilities of AP.
Nevertheless, the electric cooperative’s new leaning on patronizing renewable energy (RE) resource had been considered “a bold move” and a “groundbreaking initiative of its management to diversify.”
Source: Manila Bulletin