STATE-RUN National Power Corp. (Napocor) has bagged a P38 million grant for its hydropower projects.
The grant from the National Economic and Development Authority (NEDA) will be used to identify new sources of hydropower from various river basins in the country.
The Napocor project dubbed as “Hydropower Development Study in Small Power Utilities Group (SPUG)/Missionary Areas” is among the seven proposals that qualified for NEDA funding.
Napocor President and CEO Ma. Gladys Cruz-Sta. Rita on Wednesday said the project will subsequently lessen SPUG areas’ dependence on oil-based power plants.
“We want to identify and utilize the hydropower potential of the various river basins in the islands where SPUG operates and reduce SPUG operation’s dependence on oil-based power generations,” Sta. Rita said.
The study is also expected to boost energy security in a particular missionary area.
It will examine available financing options that can be used to implement now hydropower projects.
The study, Sta. Rita said, is in line with the overall Philippine roadmap towards power-efficiency and sustainability, including the Energy Reform Agenda of the Aquino administration.
It is likewise aligned with the policy direction of the Department of Energy (DOE) on the use of renewable energy.
NEDA is expected to bid out the P38-million project study before the year ends to qualified consulting firms.
The winner will work alongside Napocor for purposes of technology transfer and in-house capability building.
The scope of work for the winning bidder will include a hydropower potential assessment of workable river basins in the SPUG areas and preliminary screening to identify the more attractive hydropower projects and schemes.
Napocor Vice President for Power Engineering Services Katambayan S. Celino said the nationwide study will start with islands that have river basins and significant potential for hydropower.
He said the 15-month study begins when the winning bidder receives the notice to proceed from the government.