The Energy Regulatory Commission (ERC) has renewed Maibarara Geothermal Inc.’s (MGI) certificate of compliance to operate its power plants for five more years.
The approval to continue MGI’s 20 MW Unit 1 operation was approved last December 4.
The power regulator has also included the energy firm’s 12-MW Unit 2, which was previously separated from the COC issued on April 16, 2018.
This follows the ERC resolution which indicated the consolidation of all individual COC’s of one generation company under one single certification.
Both the MGI’s generating plants will continue its commercial operations from October 2018 to October 2023, when the five-year renewal will commence again.
“ERC’s renewal of our COC testifies to the continuing technical, operational, and financial compliance of our two geothermal facilities to regulatory standards. The release of the COC at the beginning of the year is auspicious as MGI achieved a record annual gross generation of more than 240 GWh in 2018,” MGI President Francisco Delfin Jr. said.
MGI is a joint venture among een Energy Corp. (PGEC, 65 percent), PHINMA Energy Corp. (25 percent) and PNOC Renewables Corp. (10 percent).