A unit of Aboitiz Power Corp. has initiated steps for the development of a hydroelectric power facility in Kabayan, Benguet.
The project, to be undertaken by Hedcor Bukidnon Inc., will produce at least 45 megawatts (MW), Hedcor President and Chief Operating Officer Rene Ronquillo said.
“We are still in the initial stage. Once we secure the necessary permits, it will be a go,” he told reporters.
AboitizPower had already secured regulatory approval from the Department of Energy for the 45-MW Nalatang B hydropower Kabayan project.
The company has received a Certificate of Registration from the Energy department as a renewable energy (RE) developer, which will allow the project to move to the pre-development stage.
AboitizPower, the power arm of Aboitiz Equity Ventures Inc. (AEV), said the project is expected to be completed in the first quarter of 2019.
The Nalatang B project was awarded by state-owned PNOC Renewables Corp. (PNOC RC) through a contractual joint venture scheme.
AboitizPower will be primarily responsible for the development and construction of the power plant, which PNOC-RC has said will cost $61 million.
Ronquillo also said his firm was planning to expand their hydropower plants – the Bineng Hydro 1 and 2 — in La Trinidad, Benguet.
Hedcor is also constructing two hydropower plants in Barangay Maluko, Manolo Fortich, Bukidnon with a combined target capacity of 68.8 MW.