Basic Energy Corporation announced that the Department of Energy (DOE) has granted the company a Certificate of Authority (COA) for its proposed Solar Energy Operating Contract (SEOC) application for the Bolinao, Pangasinan Solar Power Project. The COA, issued under the revised Omnibus Guidelines Governing the Award and Administration of Renewable Energy (RE) Contracts effective June 2024, allows the company to secure the necessary permits and tenurial instruments for the project. It also grants the privilege to procure these requirements outside the SEOC’s 25-year contract period.
Basic Energy’s proposed solar power plant will be developed in Bolinao, Pangasinan, and is estimated to cover approximately 37 hectares. Based on a preliminary study conducted by an independent firm, the facility is expected to generate at least 47 megawatts peak (MWp) of power.
With the COA in hand, Basic Energy Corporation will now begin securing approvals from relevant national agencies and local government units. This includes conducting a relevant System Impact Study, which must be reviewed and approved by the National Grid Corporation of the Philippines (NGCP). The company has one year to fulfill its obligations under the COA before the DOE issues the SEOC.
The solar project is slated for completion and commissioning by early 2027, contributing to the country’s renewable energy targets.
Source: https://www.itechsolutionph.com/blog/basic-energy-corporation-secures-certificate-of-authority-for-bolinao-pangasinan-solar-power-project
LISTED Basic Energy Corp. is set to begin processing the necessary permits for its proposed solar power project in Bolinao, Pangasinan, after securing a certificate from the government. In a regulatory filing on Thursday, Basic Energy said the Department of Energy (DoE) granted the company a certificate of authority (CoA) for its proposed solar energy…
read moreBasic Energy Corporation announced that the Department of Energy (DOE) has granted the company a Certificate of Authority (COA) for its proposed Solar Energy Operating Contract (SEOC) application for the Bolinao, Pangasinan Solar Power Project. The COA, issued under the revised Omnibus Guidelines Governing the Award and Administration of Renewable Energy (RE) Contracts effective June…
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