THE Bases Conversion and Development Authority (BCDA) said it expects to award the contract for a solar farm in New Clark City within the year, with the bid process currently in the post-qualification evaluation stage.
“We’re just doing post-qualification for a 25-megawatt (MW) solar farm,” BCDA President and Chief Executive Officer Aileen R. Zosa said on the sidelines of the BusinessWorld Economic Forum 2023 in Taguig City on Thursday.
“We will award (the project) within the year,” she added.
Ms. Zosa estimated that the post-qualification process will be complete by the end of June, adding that up to eight companies bought the terms of reference (ToR) indicating potential interest in bidding.
The Philippines opened its renewable energy industry to 100% foreign ownership following the issuance of Department Circular No. 2022-11-0034 by the Energy department in November.
In March, the BCDA announced the auction for the 25-MW solar farm, which will be located in a 37-hectare site in the north of New Clark City in Tarlac.
The ToR stipulates a lease period of 25 years, renewable for another 25 years subject to mutual agreement.
“In line with the renewable energy thrust of the Marcos administration, the BCDA is pushing for the development of sustainable energy sources in New Clark City. This solar farm is one of the crucial projects in New Clark City as it will supplement energy sources and lower energy costs for our locators, while also ensuring reduced carbon emissions,” Ms. Zosa said.
“With the aggressive development of New Clark City, the demand for electricity will also grow. Our prospective partner for this project will be able to tap this huge market consisting of industrial, retail, and residential customers. Not only that, they may be able to service nearby communities, as well,” she added. — Revin Mikhael D. Ochave