The team-up of Manila Electric Co. (Meralco) and Repower Energy Development Corp. (REDC) have started works on the P2.7-billion hydropower project in Bukidnon.
The partners recently held a ground breaking ceremony for the 10.6-megawatt (MW) run-of-river hydropower project in the Pulanai River.
Pure Meridian Hydropower Corp. (PMHC), the joint venture company, will oversee and operate the hydropower project.
“This will be PMHC’s vanguard project in Mindanao and will serve as a platform to roll out more run-of-river projects in the near future. This is a legacy project that we are building for the benefit of the next generations to come.” PMHC president and CEO Dexter Tiu said.
During its construction phase, the project will employ more than 400 people.