By Ed Paolo Salting – January 30, 2025
from The Manila Times

THIRTEEN companies with a total of 21 projects have qualified for the upcoming third round of the Green Energy Auction Program (GEA-3), the Department of Energy (DOE) said.

Under the GEA-3, bidding for which will formally start on Feb. 11, the DOE will be offering 4,250 megawatts (MW) for pumped-storage hydropower projects, 300 MW of impounding hydropower and 100 MW for geothermal technologies.

Winning bidders — notices of award will be issued in May — will be granted incentivized power rates.

For geothermal, the firms that qualified were identified as Maibarara Geothermal Inc. with three projects; Energy Development Corp. with two; the Mindanao 3 Binary Geothermal Power Plant Expansion Project Phase 3-Unit 1 and Bago Binary Geothermal Power Plant-Unit 1; and Bac-Man Geothermal Inc. with its Palayan Binary Power Plant-Unit 1; and Tanawon Geothermal Power Plant-Unit 1.

For impounding hydropower, the companies and respective facilities that passed were Pan Pacific Renewable Power Phils. Corp. and its Gened 1 and 2 power project; Pulangi Hydro Power Corp. with its South Pulangi project; and United Hydro Power Builders Corp. and the Dakgan power project.

Lastly, qualified for the pumped storage component were Ahunan Power Inc. and its Pakil project; First Gen Hydro Power Corp. and its Aya project; Olympia Violago Water and Power Inc. and its Wawa Pumped Storage 1 project; Pan Pacific Renewable Power Phils. Corp. and its Maton project; Coheco Badeo Corp. and its Kibungan project; Repower Energy Development Corp. and its Real II Seawater project; and San Roque Hydropower Inc.’s Aklan, San Roque Lower East, San Roque West and San Roque Upper East projects.

In total, three companies qualified under geothermal, another three for impounding hydropower and seven for pumped storage hydropower.

“In accordance with clause 5.1.1 of GEA-3 terms of reference, all qualified bidders must submit proof of the posting of the bid bond, in PDF file, through email at gea.3@doe.gov.ph until 12 p.m. of Feb. 5, 2025,” the DOE said.

“Further, the qualified bidders must submit a unique email address per project (or per phase) until Feb. 8, 2025, 12 p.m.,” it added.

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