THE Duterte administration may now consider undertaking a major rehabilitation of the Agus hydroelectric plants in Mindanao as power supply is no longer an issue in that region, energy firm Aboitiz Power Corp. said.
AboitizPower President and Chief Operating Officer Antonio Moraza, addressing delegates to an investment conference in Davao City, said on Friday it is perhaps time for the government to decide on the future of the Agus Power Plant Complex, although studies would have to be conducted first to determine how the proposed rehabilitation should be done and by whom.
“Now that power supply is no longer an issue, it can be said that Mindanao is truly open for business,” Moraza said.
However, he added that sufficient power supply is not the only factor that would bring investments to the region.
The Agus power complex has six cascading power plants snaking from the mouth of Lake Lanao in Marawi City down to the Maria Cristina Falls in Iligan City. Located along the Agus River, these hydroelectric power plants help fuel the economy of Mindanao by providing a steady supply of cheap and reliable electricity. The plants within the complex include Agus I, Agus II, Agus IV, Agus V, Agus VI, and Agus VII.
According to the Mindanao Development Authority (MinDA), these hydroelectric power plants, generating an installed capacity of 727 megawatts of renewable energy, have a dependable capacity of about 400MW.
AboitizPower, which holds an almost century-old foothold in Mindanao’s power sector, rehabilitated the Ambuklao hydroelectric power plant in Ifugao in 2008.