Publicly listed PetroEnergy Resources Corp. (PERC) has secured the approval of the Department of Energy (DOE) for the commerciality of its 50-megawatt (MW) Nabas wind power project in Aklan.
Following other power firms that applied for the wind Feed-in-Tariff (FIR) contracts, PetroEnergy brings to four the number of service contractors that prequalified for the wind FIT rate of P8.53 a kilowatt hour, which was approved by the Energy Regulatory Commission.
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