MANILA, Philippines - The issuance of its certificate of compliance (CoC) will formally give project sponsors the permission to finally set for commercial kick-off and synchronize to the Visayas grid the capacity of the 200-megawatt Naga coal-fired facility in Cebu.
The joint venture vehicle of Korea Electric Power Corporation and SPC Power Corporation (KSPC) has been preparing for the plant's completion unveiling toward the end of this month.
Energy Regulatory Commission chairperson Zenaida G. Cruz-Ducut explained that "the ERC's grant of COC to KSPC allows it to commence the commercial operation of their power plant and help augment the short power supply in the Visayas."
The facility, which has been designed for two units of 100MW capacity each, is highly expected to significantly minimize, if not end, brownout woes in some parts of Visayas where its capacity will be wheeled and delivered to.
Around 80-percent of the plant's output had already been committed to various electric cooperatives via power supply agreements, while the balance has been planned to be traded at the Wholesale Electricity Spot Market.
The regulator emphasized in its compliance certificate's issuance that the Naga plant will "provide 11. …