MANILA, Philippines — Lopez-led Energy Development Corp. (EDC) has kicked off the construction of the P1.3-billion expansion of the Bacon-Manito (BacMan) geothermal power plant. EDC has awarded the engineering, procurement and construction (EPC) contract for the 23-megawatt (MW) Palayan Binary Balance of Plant (BOP) work package to construction firm First Balfour Inc., also a Lopez firm.
The Energy Regulatory Commission granted the motion for reconsideration filed by First Gen Hydro Corp. to implement the P5.1908 per kilowatt-hour rate under its power supply agreement with Manila Electric Co.
Lopez-led First Gen Corp. on Monday said it will accelerate the introduction of liquefied natural gas (LNG) in the country to serve the requirements of its gas-fired power plants.
LOPEZ-LED First Philippine Industrial Park (FPIP) received the Green, Healthy, Smart, and Sustainable Ecozone Award from the Philippine Economic Zone Authority (Peza) for FPIP’s “notable commitment to promoting healthy industrialization and sustainably designed, smart, and green economic zone.”