Five power generators led by Lopez-led Energy Development Corporation (EDC) have submitted bids to the Department of Energy (DOE) in its third Open and Competitive Selection Process (OCSP3), which aims develop renewable energy (RE) projects in the country.
The DOE offered a total of 22 pre-determined areas for development, five of them geothermal and 17 hydropower.
EDC submitted its bids for the 27-megawatt (MW) Daklan Geothermal Project in Bokod, Benguet and the 17MW Puting Lupa Geothermal Project in Laguna.
The Philippine Geothermal Production Company also submitted its bid to take on the Daklan plant, as well as the 30MW Mount Labo Geothermal Project in the Camarines Norte-Camarines Sur-Quezon area. MASE Power Corporation is also competing with EDC for Puting Lupa.
All geothermal bids were complete.
For hydropower, TOTAL Power Inc. (TPI) and Century Peak Energy Corporation (CPEC) gave their bids for eight of the 17 projects.
TPI aims to develop the 3.2MW Amlan A and 0.8MW Amlan C projects in Negros Oriental, as well as the 2.1MW Tabiao project in Culasi, Antique.
CPEC, meanwhile submitted bids for the 4.8MW Hilabangan Upper Cascade and the 3MW Hilabangan Lower Cascade in Kabankalan City, Negros Occidental, as well as the 4.5MW Maninila Lower Cascade, the 3.1MW Maninila Upper Cascade, and the 4-MW Sibalom Middle Cascade in San Remigio, Antique.
However, the bids were incomplete, prompting the DOE to give TPI and CPEC until Thursday to file a motion for reconsideration.
Qualified bids will, then, undergo a legal, technical, and financial evaluation that the DOE aims to complete by March 2. The department aims to award the contracts on April 14.