The Department of Energy on Tuesday offered five geothermal areas and 17 hydro areas for private sector development under the third open and competitive selection process (OCSP3).
“This initiative, which aims to advance renewable energy development and utilization is consistent with our effort towards achieving energy security as well as balanced energy mix in the country,” Energy Assistant Secretary Robert Uy said during the virtual launching ceremonies.
He said the OCSP3 takes off from a similar event in 2014, which resulted in the award of eight hydro power and two geothermal service contracts.
“We are here to offer hydropower and geothermal resource areas. We have obtained encouraging results from the series of online stakeholders, consultations undertaken in July 2020 and that we are very optimistic in the OCSP3. We hope we will be able to replace the successful conduct of OCSP2,” Uy said.
He said the government offered 21 pre-determined areas in the previous OCSPs.