Clean energy companies welcomed the renewable energy ordinance issued by the provincial government of Negros Oriental, incentivizing incoming RE investors through carbon credits and banning the construction of coal-fired power plants in the province.
Almana Power Corp., a 100-percent Filipino-owned business committed to providing clean, renewable, sustainable and cost-effective power in the country, is the first entity to apply and avail of the tax incentives under the code.
Energy Development Corp. subsidiary Green Core Geothermal Inc., a licensed green energy option program provider, also welcomed the ordinance.
The RE code encourages eligible institutions and companies to avail of the government’s GEOP that allows power consumers with monthly consumption of at least 100 kilowatts to get electricity from a renewable energy source directly from licensed GEOP providers. “We are one with Governor [Roel] Degamo and the rest of the Negros Oriental local government in our commitment to preserving your green province,” said EDC president Richard Tantoco.