Palm Concepcion Power Corp. (PCPC) has obtained its certificate of compliance (CoC) from the Energy Regulatory Commission (ERC), allowing it the firm to operate its 135-megawatt (MW) coal-fired plant in Iloilo.
“PCPC was granted the provisional CoC after careful determination by ERC of the company’s compliance with the financial, technical, and environmental requirements,” said Winifredo S.M. Pangilinan, PCPC senior vice-president, in a statement on Monday.
Two units of circulating fluidized bed combustion coal-fired power plants in Barangay Nipa, Concepcion in Iloilo are owned by PCPC. The power plant will be supplying electricity to the Visayas grid through a power supply agreement with distribution utilities (DUs) in Negros, Cebu, Leyte and Panay.
“PCPC is a critical addition to the power generation industry especially in Panay, Negros and Cebu Islands since it will augment the growing power requirements in Iloilo, Aklan, Negros and Cebu, which are among the top tourist destinations in the country,” the company said.
The company said that the power plant is already 99.5% complete and commissioning is expected to be completed by the end of the week.
PCPC said that the provincial certificate signifies the company’s compliance with the requirements stated under the 2014 Revised Rules for the Issuance of Certificate of Compliance for Generation Companies/Entities with Self – Generation Facilities.
PCPC is a joint venture of the Palm Thermal Consolidated Holdings Corp and Jin Navitas, Inc.
