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Aboitiz Power subsidiary Hedcor, Inc. to develop 5 hydroelectric power plants




Posted on July 13, 2015


ABOITIZ POWER CORP. subsidiary Hedcor, Inc. is planning to develop four to five hydropower plants to meet its target of 2 billion-kilowatt hour (kWh) annual generation by 2020.

Sabangan Hydroelectric Power Plant is Hedcor's first Mt. Province venture. -- www.hedcor.com
We would prefer to develop 25-megawatt (MW) and above power plants to be able to achieve that, Hedcor Senior Vice-President Chris Fernando Faelnar said in a recent interview in Bonifacio Global City.

The company aims to increase its annual generation capacity to 2 billion kWh by 2020.

Its current annual generation capacity is 800 million kWh, according to Mr. Faelnar.

To meet this goal, Hedcor intends to develop four to five more big one projects, he said.

At present, the company has 22 hydropower plants that are located in Benguet, Davao City, Davao del Sur, Ilocos Sur and Mt. Province.

In a related development, Mr. Faelnar said the construction of the 68-MW hydropower project in Bukidnon is ongoing.

So far, so good, were on track, he said.

The project is composed of two units -- the 43-MW Manolo Fortich 1 and 25-MW Manolo Fortich 2 -- that will utilize hydropower resources from the Tagoloan River.

Our target completion date on that (Manolo Fortich 1) would be sometime May 2017 and then the next one (Manolo Fortich 2) would be August 2017, he said.

Hedcor is a wholly-owned subsidiary of Aboitiz Power and specializes in generating renewable energy from run-of-river hydropower systems. -- Kathryn Mae P. Tubadeza