Corporate News

Renewable energy firm to build P420-M hydro plant in Rizal

Posted on December 15, 2012

A FILIPINO-GERMAN renewable energy company has earmarked P420 million to build a 3 megawatt (MW) hydroelectric plant in Rizal, the firm said in a statement on Friday.

Hydrotec Renewables, Inc. will hold on Dec. 17 groundbreaking for the project -- its first -- in barangay San Rafael, Rodriquez municipality in Rizal province, the statement read.

"Since the area is declared as an ecotourism site, the joint project of the local government unit and Hydrotec Renewables, Inc. is timely and of relative importance in contributing -- with environmentally friendly production of electricity -- to a sustainable future, reduction of carbon dioxide emissions…" the statement read, saying the project ensures “smooth integration of small hydro plants without disturbance of the natural environment.”

Hydrotec Director Hannes Mueller on Friday said the plant's construction, which will start early next year, will take about six months and should be completed by August or September 2013.

He added that the facility, which will be built along the riverbank of Marikina River near Wawa Ecotourism Park, will provide electricity to communities in Rodriguez.

"The Wawa mini-hydro plant is our first project," Mr. Mueller said in a telephone interview.

"It's P420 million and we are planning to start construction by the end of January or beginning of February."

The 3 MW facility is designed to generate 18 million kilowatt-hours a year, Mr. Mueller added.

The Wawa plant is the first of many mini-hydro projects the company plans to put up in Luzon and the Visayas.

"All in all, we are eyeing 30 hydro projects -- mainly in Luzon and the Visayas -- with a total generating capacity of around 180 MW," he said.

"With the groundbreaking ceremony, we will introduce our first project. It means that we are on the mark, and our next projects are ready to go."

Mr. Mueller described Hydrotec as a Philippine-based firm founded two and a half years ago that is run by Filipino and German investors. -- C. A. M. C. Feliciano