ERC Renews COCs of Maibarara Power Facilities
Jan 10, 2019
The Energy Regulatory Commission (ERC) notified Maibarara Geothermal Inc. (MGI) on January 8, 2019 that its application for the renewal of the Certificate of Compliance (COC) for its 20-MW Unit 1 was approved by the Commission en banc on December 4, 2018.
The ERC also incorporated MGI’s 12-MW Unit 2, which has a separate COC issued on April 16, 2018, into the renewed COC of Unit 1. This is in compliance with ERC Resolution No.16, Series of 2014 which requires the consolidation of all individual COCs of one generation company under a single COC. Both Maibarara generating plants are now cleared for commercial operations from October 2018 to October 2023, when the next 5-year renewal is set.
“ERC’s renewal of our COC testifies to the continuing technical, operational, and financial compliance of our two geothermal facilities to regulatory standards. The release of the COC at the beginning of the year is auspicious as MGI achieved a record annual gross generation of more than 240 GWh in 2018,” MGI President F.G. Delfin Jr. declared.
MGI is a joint venture among PetroGreen Energy Corp. (PGEC, 65%), PHINMA Energy Corp. (25%) and PNOC Renewables Corp. (10%). PGEC is the renewable energy subsidiary of publicly-listed PetroEnergy Resources (PERC).