{"id":231738,"date":"2019-09-21T00:20:29","date_gmt":"2019-09-21T04:20:29","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=231738"},"modified":"2019-09-21T00:20:29","modified_gmt":"2019-09-21T04:20:29","slug":"lopez-group-to-supply-100mw-to-meralco","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/09\/21\/lopez-group-to-supply-100mw-to-meralco\/","title":{"rendered":"Lopez Group to supply 100MW to Meralco"},"content":{"rendered":"<figure id=\"attachment_216686\" aria-describedby=\"caption-attachment-216686\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/05\/meter-2009910_960_720.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-216686\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/05\/meter-2009910_960_720.jpg\" alt=\"\" width=\"960\" height=\"640\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/05\/meter-2009910_960_720.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/05\/meter-2009910_960_720-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/05\/meter-2009910_960_720-768x512.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-216686\" class=\"wp-caption-text\">Power will be supplied by First Gen Hydro and EDC\u2019s Nasulo, Tongonan, and Bacon-Manito geothermal facilities. (Pixabay Photo)<\/figcaption><\/figure>\n<div dir=\"auto\"><strong>MANILA<\/strong>\u00a0&#8212; The Lopez Group has signed a power agreement with Manila Electric Co. (Meralco) to supply 100 megawatts (MW) to Metro Manila for five years starting December 26, 2019.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Its renewable energy (RE) portfolio composed of First Gen Hydro and Energy Development Corporation (EDC) geothermal facilities signed the deal with the electric distribution utility company on September 16 after it was able to outbid other suppliers for the 500 MW mid-merit power requirement.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">First Gen Hydro, the group\u2019s contracting arm that is 60 percent owned by EDC and 40-percent owned by First Gen Corporation, offered a lower all-in headline rate of PHP5.1908 per kilowatt-hour (kWh) and computed all-in levelized cost of energy, inclusive of value-added tax (VAT), of PHP5.3989\/kWh compared to other competing coal companies.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cWinning this contract is a clear indication that clean, renewable energy, especially one that is baseload or available 24\/7 like geothermal, can be priced lower versus carbon-intensive, non-renewable energy sources,\u201d EDC President and COO Richard Tantoco said Thursday in a statement.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cThis gives power consumers a more compelling reason to decarbonize our economy by transitioning to RE,\u201d he added.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Power will be supplied by First Gen Hydro and EDC\u2019s Nasulo, Tongonan, and Bacon-Manito geothermal facilities.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">EDC\u2019s 1,475 MW capacity accounts for 37 percent of the country\u2019s total generated renewable energy, making it the country\u2019s leading RE company.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Its 1,181MW of the geothermal portfolio, which accounts for 61 percent of the country\u2019s total installed geothermal capacity, has put the Philippines on the map as the third largest geothermal producer.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; The Lopez Group has signed a power agreement with Manila Electric Co. (Meralco) to supply 100 megawatts (MW) to &hellip;<\/p>\n","protected":false},"author":44,"featured_media":216686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-231738","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-christine-cudis","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/231738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=231738"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/231738\/revisions"}],"predecessor-version":[{"id":231739,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/231738\/revisions\/231739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/216686"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=231738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=231738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=231738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}