Two subsidiaries of Global Business Power Corp. received recognition for exemplary compliance with the Wholesale Electricity Spot Market rules.
The Philippine Electricity Market Corp., the governing body of the WESM, bestowed the awards to Cebu Energy Development Corp. and Panay Power Corp. on Oct. 14.
CEDC, which operates a 246-megawatt clean coal-fired power plant in Toledo City, Cebu, ranked first among all coal-fired facilities in the country. PPC’s 7.5-MW diesel-fired power plant in Nabas, Aklan placed third under the oil-based category.
Power generators should comply with the offer capacity compliance and dispatch conformance standards enforced in the spot market’s operations under WESM rules.
“These citations further cement our company’s commitment toward providing efficient and quality outputs and services for our stakeholders,” Meralco PowerGen Corp. president and chief executive Jaime Azurin said.
