THE Department of Energy (DoE) said a total of 209.8 megawatts (MW) in new capacity from hydropower sources will become available between this year and 2020. The bulk of the projects, at 134.2 MW, will be coming from six projects in Mindanao. Luzon will be delivering a total of 62.5 MW from three projects, while…
Tag: hydro
AboitizPower adding 800 MW to balance generation portfolio
Aboitiz Power Corp. is completing over 800 megawatts (MW) of power projects this year – from renewable energy developments to coal-fired power plants – as it pursues to balance its energy portfolio by 2020. The company is set to complete five projects with a total capacity of 828.3 MW this year which underlines the company’s…
Meralco-REDC partnership starts P2.7-B hydro project
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…
Hedcor seeks IP consent for Benguet hydro plant
Hedcor Inc., a unit of Aboitiz Power Corp., is securing the approval of the indigenous people (IP) to put up the 45-megawatt (MW) Kabayan run-of-river power project in Benguet. Hedcor is currently undergoing Free Prior and Informed Consent (PFIC) process – led by the National Commission on Indigenous Peoples (NCIP) – for the proposed 45-MW…
Global Business Power Corp. looks to build coal-fired plant in Negros island
Global Business Power Corp. (GBPC) is looking at Negros island as the next site to build a coal-fired power plant after its unit Panay Energy Development Corp. (PEDC) officially launched on Wednesday its 150-megawatt (MW) expansion here. “In Negros, there are talks there that they wanted to put up a power plant. We’re very much…
New projects to deliver 6,000 MW of capacity
NEW power projects with a combined capacity of 6,161 megawatts (MW) are expected to come on-stream between this year and 2020, latest data from the Department of Energy (DoE) showed. Of the committed capacity, as tallied by the DoE as of Sept. 30, more than 60% or 4,001 MW will be in Luzon. Mindanao will…
Meralco firms up entry into hydropower
Manila Electric Co. (Meralco) is firming up its entry into hydropower sector after it forged a partnership with Blue Energy Holdings and Management Corp., a company owned by the Tiu family. Meralco disclosed yesterday it signed a joint venture (JV) agreement and shareholders’ agreement with Blue Energy. Under the JV deal, both companies will put…
Soleco puts up 1st picohydro power plant in Philippines
Southern Leyte Electric Cooperative Inc. (Soleco) has put up a picohydro power generation system, the first of its kind in the country, state-run National Electrification Administration (NEA) said. In a statement, NEA said Soleco’s picohydro system, which started operating in Aug. 12, utilizes tail water from the Hanabian Minihydro Power Plant and generates power of…
SNAP-Magat raising P19 B notes
SN Aboitiz Power-Magat Inc. (SNAP-Magat), a unit of Aboitiz Power Corp., is raising P19 billion from corporate notes with two local banks to pay off debts and finance general corporate purposes. AboitizPower disclosed yesterday SNAP-Magat has signed a notes facility agreement Bank of the Philippine Islands (BPI) and China Banking Corp. to issue P19-billion fixed…
ERC fines Keilco Ilijan, Masiway, Palawan Power
THE Energy Regulatory Commission (ERC) has fined Keilco Ilijan Corp. for the late filing of the renewal of the certificate of compliance of its 1,436.5-megawatt (MW) Ilijan natural gas combined cycle power plant. In a decision, the ERC has given the company 15 days from the receipt of its decision to remit P50,000, representing half…
Rains delay P13-B hydro projects in Bukidnon
Construction of the P13-billion twin hydroelectric projects of Hedcor, Inc. is being delayed due to geological conditions and continuous rains, company officials said on Tuesday. Gregorio Jabonilla, Hedcor vice-president for business development, told reporters that the two run-of-river hydro projects have already been delayed for 110 days when their workers encountered problems at their work…
Aboitiz keen on plant auctions
THE ABOITIZ power group is keen on participating in auctions for the remaining power generation assets that the government is planning to privatize within the next three years, its top official said on Wednesday. This comes as the Power Sector Assets and Liabilities Corp. (PSALM) announced that it was targeting to privatize next year the…
Winnergy Holdings Corp. 