The Energy Regulatory Commission awarded a feed-in tariff-eligible certificate of compliance to Universal Robina Corp. for its 46-megawatt biomass power plant in Negros Occidental province.
ERC chairman Jose Vicente Salazar presented to URC president and chief executive Lance Gokongwei the feed-in tariff certificate for the Kabankalan bagasse-fired biomass power plant on Jan. 24.
The Renewable Energy Act of 2008 provides for the feed-in tariff scheme wherein biomass plants have a fixed-rate of P6.63 per kilowatt-hour for the next 20-years.
URC, controlled by conglomerate JG Summit Holdings Corp., put up the P2.5-billion biomass power plant in Negros Occidental not only to help secure power supply in the Visayas but also support its sugar milling operations.
Energy Department director Mario Marasigan earlier said the output of the 46-MW biomass plant would be used to support the company’s power requirements while a portion would be sold under the feed-in tariff scheme.