| In power and oil and gas exploration: generation capacities developed under the Build-Operate-Transfer (BOT) scheme pursuant to RA No. 6957, as amended by RA No. 7718, otherwise known as the BOT Law and its IRR, and any such generation asset whose construction was not financed by the NPC but whose output is bought by the NPC under Power Purchase Agreements (PPAs). Energy Conversion Agreements (ECAs) or any other similar contractual relationship. These IPP contracts were transferred to and assumed by the PSALM pursuant to the EPIRA [Section 4.4, DOE-DOF Joint Circular No. 1, Series of 2020, The Implementing Rules and Regulations of Republic Act No. 11371, ‘An Act Reducing Electricity Rates An Act Reducing Electricity Rates by Allocating a Portion of the Net National Government Share from the Malampaya Natural Gas Project for the Payment of the Stranded Contract Costs and Stranded Debts’ Otherwise Known as the ‘Murang Kuryente Act’] |
