13 companies submitted bids on geothermal energy projects
Posted on November 25th, 2009
At least 24 bids from 10 possible contracts under the geothermal energy contracting round were received by the Department of Energy (DOE). Energy assistant secretary Mario Marasigan said, “We received strong interest because of the renewable energy law. Now we are seeing the fruits of Republic Act 9513, wherein the incentives are really attractive.” Marasigan heads the Renewable Energy Management Bureau.
He said they are now evaluating all the bids and they may have an update on those who qualified by next week. The 24 bid submissions came from 13 companies who were able to beat the deadline of submission of proposals for the geothermal areas last November 23.
Among those who expressed interest in the geothermal energy projects are: Pan Pacific Power Corp., Aragon Power Energy Corp., Baca Valley Energy Inc. and Constellation Energy Philippines.
Pan Pacific submitted bids for Daklan in Benguey and Natid in Bataan, Aragon Power is interested in Labo in Camarines Norte, Baca Valley is eyeing Mainit in Surigao del Norte and Maibarra, which covers Batangas and Laguna, and Constellation Energy is looking at the Montelago area in Oriental Mindoro.
Another company, the Filtech Energy, said they joined the bidding “to take advantage of the new technologies and other incentives under the Renewable Energy Act which now make those areas subject of interest to many of our local and foreign partners,” said managing director Zosimo Sarmiento.
Other companies who have submitted bids are Icelandic firm Envent Holdings Philippines, Energy Development Corp. (EDC), PNOC-Renewables Corp., Clean Rock Renewable Energy Resources Corp., Primary Energy Corp., SKI Construction Group Inc. and Magma Energy Corp.
The energy department will evaluate all proposals based on technical (30%), financial (30%), and work program (40%) of the data submitted.
