[SOURCE: IPP REVIEW COMMITTEE]
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Name
of Plant :
47 MW
Mindanao I (Mt. Apo 1) Geothermal Power Plant (A23)
Name of IPP :
PNOC-Energy
Development Corporation
Contract Type :
Build-Operate-Transfer/Power Purchase Agreement/Solicited
Status of Plant :
Operational
Cooperation Period :
25 years (February 15, 1997 - February 15, 2022)
Nature of Issue
Issue
Recommendation
Fee Structure
Components of the escalation factor may have contributed to
higher IPP rates.
Validate
the components of the escalation adjustment for possible modification of
inflation factor.
Mismatch
of PPA's 25 years cooperation period over ECA's 10 years cooperation period
may have brought about higher IPP rates over NPC's production costs.
Energy
Regulatory Board (ERB) to unbundle energy fees in order to determine possible
price component modification.
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