ERC defers approval of 9 power supply agreementsDue to DENR’s concernsResponding to the concerns of Department of Environment and Natural Resources (DENR) regarding the issuance of Environmental Compliance Certificates (ECC), the Energy Regulatory Commission (ERC) has delayed the approval of as much as nine power supply agreements and contracts. A document showed that ERC “resolved to hold in abeyance” the processing of pending applications for approval of power supply agreements without the required ECC from DENR. In separate files, ERC decided to put on hold the approval of the Power Supply Agreements (PSA) between Mariveles Power Generation Corporation (MPGC) and five companies including Manila Electric Co. (Meralco). ERC also didn’t give the green light to the PSA between Palawan Electric Cooperative, Inc. (PALECO) and Delta P, Inc. (DELTA P) as well as between Cagayan Electric Power and Light Company, Inc. (CEPALCO) and Minergy Power Corporation (MPC). ERC likewise hold its go signal to the Electric Power Purchase Agreement for the Unit 2 between the Iloilo I Electric Cooperative, Inc. (ILECO I) and Palm Concepcion Power Corporation (PCPC).

Source: Manila Bulletin September 28, 2016 13:30 UTC