Corporate News

Hydro power contracts inked

Posted on February 08, 2014

THE ENERGY DEPARTMENT has awarded renewable energy (RE) service contracts for four hydropower projects with combined capacity 54-megawatts (MW) in Agusan del Sur, according to a statement on Friday.

The department said Energy Secretary Carlos Jericho L. Petilla executed hydro power service contracts with Global Sibagat Hydro Power Corp’s President James G. Ong through a ceremonial signing held on Thursday, Feb. 6.

“The RE power projects are the Managong Hydro Power (6MW), Wawa Hydro Power (13MW), Bugsukan Hydro Power (5MW) all located in Sibagat, Agusan del Sur and the Upper Tago Hydro Power (30MW) located in Lanuza, Agusan del Sur,” the department said.

The new hydro projects add to the 265 projects -- with total capacity of 4,005.72 MW -- that had been awarded as of Dec. 31, the department said.

Mario C. Marasigan, director of the department’s Renewable Energy Management Bureau, said granting of the service contracts would allow Global Sibagat to conduct “pre-development activities including feasibility studies.”

Late last year, the department also granted eight service contracts to Hydrotec Renewables, Inc., which plans to develop hydro power projects along the Marikina River.

Hydrotec, last month, said it would invest up to P2.7 billion to develop the projects with capacity ranging from 25 MW to 30 MW.

Six of these plants will be located in the province of Rizal -- two in Antipolo City, three in the municipality of Rodriguez and one in San Mateo. The remaining two will be built in Marikina City.

Hydrotec had said site preparation for construction work has begun and construction period is expected to take six to eight months. Project completion is targeted by 2016. -- C. A. M. C. Feliciano