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[av_heading heading=’CENECO TO GO ‘GREEN’ Renewable energy cheaper, says Cordova’ tag=’h3′ style=’blockquote modern-quote’ size=” subheading_active=’subheading_below’ subheading_size=’15’ padding=’10’ color=” custom_font=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” admin_preview_bg=”][/av_heading]
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January 14, 2018
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BACOLOD City – The Central Negros Electric Cooperative (Ceneco) is eyeing to use renewable energy for its future power requirement to counter the effects of the new tax reform law.
Ceneco president Roy Cordova said with the impending increase in power rates brought by the Tax Reform for Acceleration and Inclusion (TRAIN) law, the cooperative will push for contracts with “green” energy suppliers.
TRAIN increases the excise tax on coal and fuel products.
Of the 137.9 megawatts (MW) total contracted supply of Ceneco with four power generators, 117.9 MW, or about 85 percent, are sourced from diesel and coal-fired power plants.
Based on Ceneco’s initial computation, the upward adjustments on excise tax will result in an increase of the P0.03 per kilowatt-hour (kWh) to P0.05 per kWh on electricity rates for generation charge only.
Cordova added that through the Competitive Selection Process, they will prioritize “green” energy – like solar – sources, which are abundant in Negros Occidental.
“Aside from being environment-friendly, renewable energy generation firms have tax incentives, including value-added tax exemption thus, the cost of power is cheaper,” he stressed.
Ceneco, which serves electricity consumers in the cities of Bacolod, Bago, Talisay, and Silay and the towns Murcia and Salvador Benedicto, has a current power demand of almost 155 MW.
Its base load of 64 MW is sourced from Kepco-Salcon Power Corp. (KSPC), a coal-fired power plant in Naga, Cebu.
Palm Concepcion Power Corp. in northern Iloilo also supplies 35 MW to Ceneco, Green Core Geothermal, Inc., 20 MW, and Energeen Power Development and Management, Inc., 18.9 MW.
Ceneco’s power supply deal with KSPC will expire in February 2021 while with the three others, in 2024 and 2031. (PNA/PN)
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