Five firms have submitted bids for the third Open and Competitive Selection Process (OCSP 3) which aims to develop renewable energy (RE) projects in the country.
The Department of Energy (DOE) said it has already opened the bids of the five energy players. The agency offered 22 predetermined areas for development — five geothermal energy projects and 17 hydropower projects.
Of the five geothermal energy projects, Energy Development Corp. (EDC) submitted its bids for the 27-megawatt (MW) Daklan Geothermal Project and the 17-MW Puting Lupa Geothermal Project. The Philippine Geothermal Production Co. (PGPC) also tendered its bid to develop the Daklan plant and the 30-MW Mt. Labo Geothermal Project. MASE Power Corp. is likewise competing with EDC for the Puting Lupa Geothermal Project.
All submitted bids for geothermal power projects were complete. Two geothermal projects did not get any proposals from the private sector. These are the 9-MW Itogon Geothermal Project and the 4-MW Maricaban Island Geothermal Project.
On the other hand, only TOTAL Power Inc. (TPI) and Century Peak Energy Corp. (CPEC) tendered their bids for eight out of 17 hydropower projects.
TPI aims to develop the 0.8-MW Amlan C, the 3.2-MW Amlan A, and the 2.1-MW Tabiao hydropower projects.