SAAVEDRA-LED Citicore Renewable Energy Corp. (CREC), through its solar subsidiary, is looking for the approval of the Energy Regulatory Commission (ERC) to develop a connection facility linking its 50-megawatt (MW) solar energy project in Tuy, Batangas.
Citicore Solar Batangas 1, Inc. is proposing to develop and own interconnection facilities to attach its Luntal Solar Power Project to the Luzon grid, in line with its filing with the ERC.
With an estimated project cost of P129.19 million, the corporate intends to link the interconnection facilities to the National Grid Corp. of the Philippines’ 69-kilovolt Tuy Substation.
The CREC unit is considering MCC-Citicore Construction, Inc. as a possible contractor for supplying the mandatory equipment, materials, laboratory work, and services to finish the dedicated facility project. It has yet to find out a possible contractor for the power’s operation and maintenance.
The Luntal Solar Power Project is targeted for industrial operations by October this 12 months, based on data from the Department of Energy as of January.
“The issuance of a provisional authority for the event and ownership of the dedicated facility project is mandatory in order that the Project’s generated power becomes available for public use,” the corporate said.
CREC goals so as to add one gigawatt (GW) of capability annually to the Philippines’ energy mix, specializing in ready-to-build or under-construction projects over the following five years, targeting a complete of around 5 GW by 2028.
For 2025, the corporate expects its first GW of energy projects to come back online, most of which were awarded under the federal government’s second green energy auction held in 2023. Additionally it is rolling out its second GW pipeline this 12 months.
CREC, directly and thru its subsidiaries and joint ventures, manages a diversified portfolio of renewable energy generation projects, power project development operations, and retail electricity supply services.
At present, the corporate holds a combined gross installed capability of 285 MW from its solar facilities within the Philippines. — Sheldeen Joy Talavera
