NEA EXTENDS DEADLINE FOR RENEWABLE ENERGY DEVELOPMENT PLAN SUBMISSION
The National Electrification Administration (NEA) has extended the deadline for the submission of the Renewable Energy Development Plan (REDP) to allow the electric cooperatives (ECs) to systematically prepare the said plan.
In a memorandum issued on October 15, the NEA announced that the 121 ECs will have until 05 November 05 2021, to prepare and submit their respective REDP through email. The original deadline for submitting REDP was 27 September 2021.
The REDP is a planning tool that can help the electric cooperatives to identify the most feasible and least-cost renewable energy development options. The said plan will set out indicative interim target of EC’s share in the 35 percent target of the government on RE Power Generation.
“As such, it will be an option if the EC decide to include the developmental schedule of owning Embedded Generation Facilities in its planning considering the EC’s existing and future power contracts,” the memorandum added.
The NEA earlier advised the ECs to adopt REDP in support of the Department of Energy’s goal to achieve 35 percent Renewable Energy share in the power generation mix by 2030. ###
