The Energy Regulatory Commission (ERC) has approved the certificate of compliance (COC) for the 36-megawatt (MW) Nabas Phase-1 Wind Power Project.
In a decision dated August 17, 2015 and released yesterday, the ERC approved the COC for the 36 MW Nabas Phase-1 Wind Power Project, PetroEnergy Resources Corp. said in a statement Wednesday.
PetroWind Energy Inc. (PWEI) is a joint venture of Singapore-based CapAsia Asean Wind Holdings Cooperatief U.A. (40 percent), EEI Power Corporation (20 percent), and PetroGreen Energy Corporation (PGEC) (40 percent).
PGEC is also a joint venture between PetroEnergy Resources Corp. (90 percent) and EEI Power Corp. (10 percent).
PetroEnergy Resources explained the COC approval means that PWEI has complied with all the technical, equipment, financial, organizational and manpower requirements to operate the wind farm.
The company added that the decision backs the Department of Energy’s (DOE’s) proposed June 10, 2015 commercial operations date for the Php 4.5-billion wind facility.
PetroEnergy said the regular COC will be updated with a COC Feed-in-Tariff (FIT) after the ERC decides on the next FIT rate for wind farms. The current wind FIT rate, which is the allowance for generation companies for putting up a wind project that amounts to Php 8.53 per kilowatthour (kWh).
The Nabas wind farm is composed of 18 wind turbine generators, supplied by Spanish-firm Gamesa Eolica S.L. Unipersonal, have a capacity of 2 MWs each.
The generation facility has started supplying power to the Visayas grid on March 24, 2015 from eight turbines during the initial commissioning tests, while the other 10 turbine testings were completed on June 9. PWEI executive vice president for operations Francisco Delfin noted it has supplied 15,000 MWh of power to the Visayas island.
Delfin also said PWEI expects a higher production output for the third quarter of 2015 as the country has stronger winds during the period.
With the development, stockholders of EEI and Petroenergy Resources Corp. can expect better dividends soon. (PNA)