SN Aboitiz Power Benguet Inc. (SNAP Benguet) has secured the go signals from regulators to start operation of all of the four upgraded units of the Binga Hydroelectric Power Plant (HEPP).
Through a ceremonial awarding on Monday, Aboitiz Power Corp. (AboitizPower) affiliate, SNAP Benguet, already received a copy of the certificate of compliance (COC) from the Energy Regulatory Commission for all four units of the Binga HEPP.
The disclosure of AboitizPower in the Philippine Stock Exchange cited that the four units, located in Barangay Tinongdan, Itogon, Benguet, has a combined capacity of 125.8-megawatt and economic life of 50 years.
The COC, which signifies compliance with the requirements of energy laws, orders and regulations, is valid for five years from the date of its issuance, the disclosure noted.
Early last year, it was reported that SNAP Benguet already got the go signal from ERC to operate the upgraded unit 4 of the Binga hydro power plant, which was completed in December 2011.
The refurbishment of unit 1 was then expected to be completed by third quarter of 2012 to be followed by unit 3 by first quarter of this year, and unit 2 by the third quarter of this year.
SNAP-Benguet is the owner and operator of the Ambuklao-Binga Hydroelectric Power Complex, consisting of the Ambuklao Plant in Bokod, Benguet, and the Binga Hydroelectric Power Plant in Itogon, Benguet.
SNAP Benguet is a joint venture between Aboitiz Power Corp. and SN Power Invest AS of Norway, a global renewable energy company.
Few years ago, SNAP Benguet has secured a $100-million loan from the International Finance Corp. for the rehabilitation of two recently acquired hydroelectric power plants, including the Binga hydro facility.