[SOURCE: IPP REVIEW COMMITTEE REPORT]
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Name
of Plant :
Bakun
Hydroelectric Power Plant (A28)
Name of IPP :
Luzon Hydro
Corporation (through accession undertaking)
Contract Type :
Build-Operate-Transfer/Power Purchase Agreement/Solicited
Status of Plant :
Operational
Cooperation Period :
25 years (February 2001 - February 2026)
Nature of Issue
Issue
Recommendation
Fee Structure
Despite using
run-of-the-river water, Bakun still charges high energy rates. Possible
factors to consider in determining how to lower Bakun's rates are:
PSALM to
work out an arrangement for lower fees, considering factors cited
1) Fees
are mainly USD-pegged
2)
Frontloading of costs
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