A CONSORTIUM of renewable energy firms will build a mini hydropower plant with a target capacity of 1.5 megawatts (MW) in Goa, Camarines Sur.
The proposed hydropower plant is a project of Mega Renewable Power Development, Viscal Development Corp., Brightvale Ventures, Greentech Asia, Ormin Power, and Repower Energy Development Corp. (REDC).
The plant is expected to produce 10 gigawatt-hours of energy annually, which would allow the franchise area of Camarines Sur IV Electric Cooperative (Casureco IV) to gain access to clean and sustainable energy.
Casureco IV will purchase power directly from the consortium at a reduced rate of P5.75 per kilowatt hour (kWh), which is lower than the government regulated feed-in tariff (FIT) rate of 5.90/kWh.
The project will allow Casureco IV improve services to its consumers, said REDC chief executive Dexter Tiu.
“As it is Repower’s mission to address the power outages around the country by supplying renewable energy, we have committed to reinvest part of our profit from the 1.5 MW Rangas mini hydropower plant back to said electric cooperative,” he said.
Casureco IV is officially registered and categorized as a large electric cooperative by the National Electrification Administration (NEA).
The cooperative provides service power to nine municipalities with 258 barangays in Camarines Sur’s fourth district.
Benson Lao, chairman of Mega Renewable Power Development, said they have been working on the project since 2009 but “the permitting process takes forever.”
“It’s about time we commence construction and start generating power in the next 30 months,” said Lao.
“While its output may not be enough for the whole franchise area, it will provide for some reliability in cases when the national grid fails,” he added.
Completion of the Rangas mini hydropower plant is scheduled in 2018.