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'Missionary' RE developers get perks from PSALM
The Philippine Star
|April 10, 2025
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) last year distributed P455.45 million in cash incentives to renewable energy developers serving remote areas across the country.
The funding was sourced from the Universal Charge for Missionary Electrification (UC-ME), a non-bypassable charge imposed on power consumers to support electrification programs and projects in missionary areas.
PSALM disbursed the UC-ME Renewable Energy Developers' Cash Incentive (REDCI), which is billed from electricity end-users to incentivize developers of green projects.
The recipients include Romblon Electric Cooperative Inc. (ROMELCO), Oriental Mindoro Electric Cooperative Inc. (ORMECO), Sunwest Water and Electric Co. Inc. (SUWECO), Philippine Hybrid Energy Systems Inc. (PHESI), Ormin Power Inc. (OPI) and SUWECO Tablas Energy Corp. (STEC).
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