PETROSOLAR Corp. said on Tuesday that its 20-megawatt (MW) Tarlac-2 solar power project started exporting power to the Luzon grid the other day as part of its commissioning test.
“PetroSolar is pleased to add power supply to the Luzon grid especially during these times of thinning power reserves that have led to instances of rotating brownouts,” Dave P. Gadiano, PetroGreen Energy Corp.’s energy marketing manager, said in a statement on Tuesday.
PetroGreen and EEI Power Corp. are joint venture partners in PetroSolar, which also owns the 50-megawatt (MW) Tarlac-1 solar power facility. PetroGreen is the renewable energy holding unit of publicly listed and Yuchengco-led PetroEnergy Resources Corp. Both Tarlac-1 and Tarlac-2 plants are located in Central Technopark industrial zone in Tarlac City.
“Our commissioning of Tarlac-2 supports the Department of Energy’s (DoE) mission of ensuring more power supply as the country heads into the important May elections. We are also proud that our commissioning of Tarlac-2 comes a year after we put our 12 MW (megawatts) Maibarara-2 geothermal plant into commercial operations last April 30, 2018,” Mr. Gadiano said.
The first transmittal of generated power from Tarlac-2 comes three months after PetroSolar filed its application with the Energy Regulatory Commission and after compliance with the metering and connection standards of the National Grid Corporation of the Philippines, and market registration requirements of the Independent Electricity Market Operator of the Philippines.
On Tuesday, shares in PetroEnergy rose 1.32% to close at P4.61 each. — Victor V. Saulon
