Power Corp. (AboitizPower) and Zamboanga del Norte Electric Cooperative (Zaneco) have signed a bilateral supply contract covering an initial 5 megawatts (MW) from the 68.8 MW Manolo Fortich run-of-river hydro power plant.
The hydro project is being built by AboitizPower subsidiary Hedcor in Bukidnon and is slated to be completed in 2017.
Zaneco serves the cities of Dipolog and Dapitan and the entire Zamboanga del Norte.
“Our area is short of power, and with this supply we hope to solve our problem – this time through renewable energy,” Zaneco Board President Jesus Eduardo Tayrus Sr. said during the signing ceremony in Dakak Beach Resort on Wednesday.
Hedcor Assistant Vice President Darlene Arguelles noted that Hedcor would be able to “deliver as promised.”
“We are looking forward to serve other electric cooperative as they strive to push renewable energy into their portfolios,” she added.
Zaneco General Manager Adelmo Laput praised the partnership, saying the supply contract was in the right direction of ensuring that the cooperative maximizes renewable energy.
The cooperative earlier signed supply contracts with AboitizPower subsidiaries Therma South and Therma Marine to secure the baseload and peaking demand of Zamboanga del Norte.
AboitizPower is the holding company for the Aboitiz Group’s investment in power generation, distribution, and retail electricity.
The company also owns distribution utilities that operate in high-growth areas in Luzon, Visayas, and Mindanao.