Daily Tribune‘The COA, issued under the revised Omnibus Guidelines Governing the Award and Administration of Renewable Energy Contracts, grants the authority to secure the necessary permits and tenurial instruments for the project.’
Basic Energy Corp. (BEC), chaired by businessman Ramon Villavicencio, can now start securing the necessary government approvals and land rights for its 47-megawatt peak solar project in Bolinao, Pangasinan.
The energy company confirmed receiving a Certificate of Authority (CoA) for its proposed 25-year Solar Energy Operating Contract from the Department of Energy.
“The CoA, issued under the revised Omnibus Guidelines Governing the Award and Administration of Renewable Energy Contracts, grants (BEC) the authority to secure the necessary permits and tenurial instruments for the project,” the company said.
Clearances next step
With the permit in place, BEC can begin obtaining clearances from national agencies and local government units, including conducting a System Impact Study that will be reviewed and approved by the National Grid Corporation of the Philippines.
Based on a preliminary study by an independent firm, BEC said the planned 37-hectare facility is targeted for completion and commissioning by early 2027.
