A unit of Aboitiz Power Corp. is set to build an 8.5-megawatt (MW) hydroelectric power plant in Isabela Province that will use irrigation water as its energy source.
In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, Aboitiz Power said its subsidiary SN Aboitiz Power-Magat Inc. (SNAP-Magat) has entered into an agreement with the National Irrigation Administration (NIA) for the said project.
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