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EDC among 5 bidders for geothermal, hydro projects on February 17, 2021 at 9:00 pm Five power generators led by Lopez-led Energy Development Corporation (EDC) have submitted bids to the Department of Energy (DOE) in its third Open and Competitive Selection Process (OCSP3), which aims develop renewable energy (RE) projects in the country. The DOE offered a total of 22 pre-determined areas for development, five of them geothermal and 17 hydropower. EDC submitted its bids for the 27-megawatt (MW) Daklan Geothermal Project in Bokod, Benguet and the 17MW Puting Lupa Geothermal Project in Laguna....

Published January 8, 2021, 7:00 AM The Department of Energy (DOE) is eyeing 114 prospective bidders in the  22 geothermal and hydropower ventures that it is offering to investors via the third open and competitive selection process (OCSP-3), an auction system in the award of service contracts for renewable energy (RE) projects. The department formally launched its third round of OCSP on January 5; and had dangled pre-determined areas (PDAs) of at least five geothermal and 17 hydropower projects – that if taken together could yield up to 150 megawatts. Energy Secretary Alfonso G. Cusi (Phot...