Leading sugar producer Victorias Milling Co., Inc. (VMC) has received a go-signal from the government to build and own the transmission facilities needed to sell excess energy generated from its 40-megawatt biomass-fired power plant.
VMC is barred, however, from operating and maintaining the same facilities, which will instead be under the wings of National Grid Corp. of the Philippines (NGCP).
In a disclosure to the Philippine Stock Exchange on Wednesday, VMC said it had obtained a decision from the Energy Regulatory Commission (ERC) relative to its application to develop, own, operate and maintain dedicated point-to-point limited facilities to connect to the transmission backbone…
Keep on reading: VMC allowed to build transmission line for 40-MW biomass-fired plant