Ten companies have been prequalified for a planned 3.840-gigawatt (GW) natural gas capacity auction, the Department of Energy said.
The companies where identified as Panasia Energy Inc., Therma Cebu Gas-to-Power Inc., Cordova Power Generation Corp., First Natgas Power Corp., First Gen Ecopower Solutions Inc., First Gas Power Corporation, FGP Corp., Excellent Energy Resources Corp., Quezon Power Inc., and Vires Energy Corp.
They were given a one-time rectification period of two working days from notification to address specific deficiencies, provide additional information and or clarifications identified in their registration documents.
A virtual pre-bid conference fwas tentatively scheduled for Oct. 27 at 9 a.m., subject to the issuance of an auction threshold price by the Energy Regulatory Commission.
The DOE last month said it was planning an auction for natural gas in order to complement the usage of renewable energy technologies. Two separate auctions — one for existing gas plants and a separate one for new plants — are eyed.
