“During the meeting, the two parties agreed to run the three power stations of OMCPC to address the current power supply concerns of the province,” said the PCO in a statement.San Jose, Magsaysay, Rizal, Calitaan
The Energy Regulatory Commission has given conditional approval for power supply agreements with Sablayan and Mapsa while that with Samarica is pending approval, according to PCO.“It was determined that the apparent reason why OMCPC was not operating its Sablayan and Mapsa power plants was due to the issue of whether OMCPC’s fuel cost is a pass-through cost,” said the PCO.
Almeda, however, ordered the OMCPC to run all three facilities “notwithstanding any potential financial losses to Banzon and despite not having an approved rate from the ERC for the Samarica power plant which would allow him to recoup his cost of operations.”
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: rapplerdotcom - 🏆 4. / 86 Read more »