Palawan Electric Cooperative (Paleco) signed a 15-year power supply agreement (PSA) with Delta P. Inc (DPI), a subsidiary of Vivant Energy Corp. for 40 megawatts of contracted capacity following a competitive selection process (CSP).
This is in response to Palawan’s increasing energy requirements, driven by its dynamic economic growth, especially in tourism.
“This PSA is vital in ensuring stability, fostering innovation, driving long-term growth— giving us the foundation to plan, build, and deliver lasting solutions,” DPI president Eric Omamalin said in a statement.
“Looking ahead, this partnership inspires us to innovate further, enhance our services, and continue powering progress for the next 15 years and beyond,” he said.
DPI emerged as the most competitive bidder, securing its role in Palawan’s energy landscape following a successful competitive selection process (CSP) conducted through the National Electrification Administration (NEA).
The PSA ensures DPI will supply the 40 MW needed to support the ongoing and future economic activities on the island.
Paleco’s move to secure a reliable energy source aligns with data indicating a 31-percent increase in the region’s accommodation and food services sectors by the end of 2023, sectors directly tied to tourism.
The agreement aims to provide consistent power supply required to support growth in these industries, as well as in local communities.
“We are delighted to announce the signing of this PSA with Delta P. Inc. to ensure we meet Palawan grid’s need for reliable and sustainable power supply; a long-term solution to help Palawaneños regain their subsidy,” Paleco general manager Rez Contrivida said.
As the pioneer CSP conducted by NEA for a cooperative, NEA administrator Antonio Mariano Almeda said the agreement “shows the unwavering commitment of NEA to support electric cooperatives who face challenges in completing their power procurement process.”
“NEA is here to ensure no cooperative is left behind, especially with the welfare of MCOs [member-consumer owners] at stake,” Almeda said.
