RSS

FDC unit gets clearance for supply contract with Davao electric coop

23 Jan

BY F. YAP SECURITIES / 2TRADEASIA

Filinvest Development (FDC) unit, FDC Misamis Power (FDC-MP), received approval from Energy Regulatory Commission (ERC), for the Power Purchasing Agreement (PPA) with Davao Oriental Electric Cooperative (Doreco).

Under the accord, Doreco will purchase 6MW from FDC-MP for 15 years, at P3.33/kWh. FDC-MP’s coal-fired PHIVIDEC plant in Misamis Oriental is slated for commission in 2016.

Stock Picks, Target Prices and Buy/Hold/Sell Recommendations! (size 468x60)
Make SMART investment decisions! Be guided by top stockbrokers in the Philippines!

Doreco is currently sourcing 5.4MW from state-owned hydro plants, to expire in 2016, & another 6MW from Aboitiz Power’s (AP) power barges.

Meanwhile, FDC-MP already secured contracts with 17 other electric cooperatives for its first 2 x 135MW generating units.

Advertisements
 
Leave a comment

Posted by on January 23, 2015 in Corporate News, FDC, Stock Market

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: