The Department of Energy announced that they had awarded to 18 renewable energy companies the service contract to 87 sites that will allow them to develop renewable energy projects within the country. Of the 87 contracts, 22 are conversions of existing service contracts and agreements. Five of which are related to geothermal service contracts while 17 are on hydropower renewable energy contracts.
The total investments for the 87 service contracts are expected to amount to over P90.4 Billion in investments and 3000 MW of energy.
The winning companies are Deep Ocean Power Philippines Inc.; Trans-Asia Renewable Energy Corp.; Constellation Energy Corp.; PNOC-Renewables Corp.; Energy Development Corp.; Century Peak Energy Corp.; First Gen Bukidnon Power Corp.; Luzon Hydro Corp. Lucky PPH International Inc.; Unisan Biogen Corp.; AP Renewables Inc.; Mindanao Energy Systems Inc.; First Gen Mindanao Hydro Power Corp.; AV Garcia Power Systems Corp.; Benguet electric Cooperative Inc.; Alternergy Philippine Holdings Corp.; DOST - Industrial Technology Development Institute; and Hedcor Inc.
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Category: Clean Energy, Investment, Investing
