AN electric cooperative in Bukidnon and the Pulangui Hydro Power Corporation (PHPC) entered into a Memorandum of Understanding (MOU) on March 8 to kick off the construction of the 250-megawatt (MW) Pulangui 5 hydroelectric power project in the province.

First Bukidnon Electric Cooperative, Inc. (Fibeco) and PHPC signed the MOU to launch construction of the $800-million Pulangui 5 project, which is expected to be completed in 2020 or 2021.

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