Citicore hopeful DOE to review compliance with FiT rules

by Lenie LecturaJuly 10, 2016

from Business Mirror

CITICORE Power Inc. (CPI), a subsidiary of Citicore Investment Holdings Inc., is hopeful the Department of Energy (DOE), under the leadership of Secretary Alfonso G. Cusi, would review the agency’s compliance with the feed-in tariff (FiT) rules.

Citicore’s 18-megawatt (MW) solar-power project in Mariveles, Bataan, and its 25-MW solar facility in Silay, Negros Occidental, did not make it to the list of solar-power projects the DOE endorsed to be eligible for the FiT rate of P8.69 per kilowatt hour (kWh) for 20 years as incentive for investing in solar power. CPI Executive Vice President Manolo Candelaria said most participating renewable-energy (RE) firms are still in the dark on the DOE’s procedures and their basis for awarding the FiT.

Some industry players questioned how the list of awardees was finalized despite several inquiries seeking to clarify the evaluation process being left unanswered. Issues have also been raised about the definition of important terms and reckoning dates that affect participants who did and did not make the cut within the deadline.