SP New Energy Corporation (SPNEC) said it is asking the Department of Energy (DOE) to reconsider terminating its service contract for the solar power project in Sta. Rosa, Nueva Ecija, which was delayed due to unexpected circumstances.
“The company is in discussion with the Department of Energy regarding the said force majeure claim and intends to request reconsideration of the termination,” SPNEC said in a statement to the local market on Wednesday.
The company received a notice of termination for Sta. Rosa Services Contract, previously marked as subject to a force majeure claim.
SPNEC won the contract to develop the 280 megawatt (MW) project during the first green energy auction in 2022.
GEA-1 projects are targeted to be completed by 2025.
The company cited challenges such as transmission constraints that affected the progress of the project.
“Pending the outcome of the said discussions and the request for reconsideration, no adverse impact is expected on the overall business, operations and financial position of the company,” SPNEC said.
In this disclosure, SPNEC Clarified that it is Solar Philippines Power Project Holdings, Inc. is a separate entity from DOE, a company that is currently facing penalties after DOE terminated several renewable energy contracts.
It added that it is “not 'Solar Philippines' mentioned in news articles,” although the Leviste-led firm is a shareholder in SPNEC.
Solar Philippines has been fined P24 billion for failing to deliver nearly 12,000 megawatts of renewable energy over the past two years.
DOE terminated 33 of its service contracts, representing about 64% of the more than 18,000 MW of potential capacity.
Responding indirectly to the issue, businessman-turned-politician Representative Leandro L. Leviste said on Facebook that he would address the concerns in the appropriate forum.
“I think there is nothing in Tutugon, but a lot of things can be found in one day. stage. Paumanahin po sa mga natataman, But another question is what do you want. I think it is very useful for me transparency sa paggamit ng pondo ng bayan“He said. (I respect the workers in the government, and I will address their statements in the appropriate forum. I apologize to those who may feel affected, but what I stand for is only the truth. I am very grateful to those demanding transparency in the use of public funds.) – Sheldin Joy Talavera