ERC issues compliance certificate for Cebu power proj

MANILA, Philippines - The Energy Regulatory Commission (ERC), has issued a certificate of compliance (COC) to Desco Inc. for its 1.059 megawatt Libertad natural gas power plant Brgy. Libertad, Bogo City, Cebu.

The plant is about 100 kilometers north of Cebu City. The COC is valid for a period of five years.

The COC must be renewed by the filing of an application at least six months prior to its expiration with proof of its continued compliance with financial, environmental and technical requirements.

Desco Inc. was incorporated and duly registered with the Securities and Exchange Commission (SEC) in December 1974. Its primary purpose is to engage in the business as general contractors and builders of buildings and industrial plants and facilities of every type and description, including all auxiliary facilities thereof (i.e., to supply manpower and perform work as a special contractor in operations involving the energy exploration and extraction and water well drilling industries).

Desco is also engaged and ventured into the power generation business through the sale and distribution of power generating units and spare parts and the servicing of the said generating units. It is likewise engaged in the sale of electricity through the operation of power generating units.

The Libertad power plant is embedded in the distribution system of Cebu II Electric Cooperative, Inc. (CEBECO II) via a distribution feeder.

The plant testing and commissioning were completed in October 2011.