PowerSource Philippines, Inc. (PSPI) is the first Qualified Third Party (“QTP”) accredited by the Department of Energy (DOE) under the Philippine Electric Power Industry Reform Act (“EPIRA”). The company is the first QTP recipient of the Universal Charge-Missionary Electrification (“UCME”) subsidy. QTP status gives the holder a unique entitlement to operate as a “bundled” utility, combining generation, transmission & distribution of electricity in a specific area.
PSPI provides financing and technology solutions for distribution infrastructure, and is committed to provide 24/7 electricity in off-grid areas that is sustainable and reliable. Currently, it operates two (2) community micro-grids – one in Palawan and one in Cebu.
PowerSource has a joint venture agreement with a distribution cooperative to provide power to a number of off-grid sites in the franchise area and is in the process of conducting feasibility studies.