Eastern Samar will get its first hydro power plant hopefully in the next three years after the Department of Energy (DOE) formally awarded the service contract for the project to a local renewable energy firm.
In a statement, the DOE said Energy Secretary Carlos Jericho Petilla has already signed the renewable service contract for the 300-megawatt pumped storage Bolusao hydro project in Eastern Samar.
The developer of the project is San Lorenzo Ruiz Builders and Developers Group Inc. (SLRB).
“This is a very historic hydro project because it will be the first hydro power plant in the entire Samar area,” Oscar Violago, SLRB president, told reporters.
According to him, the project would cost as much as US$600 million or approximately P27 billion.
“This hydro project will stabilize and make power available to the Samareños. As of today, Lawaan, where the river Bolusao is located, has two hours’ power only. With the project, they will have power 24/7,” Violago said.
He said the company hopes to start construction this year once they are able to get their environmental compliance certificate and clearance from the National Commission for Indigenous People.
The Bolusao hydro project is expected to be completed three years after the start of construction and power will later on be sold to the grid.
Violago said the company is also developing a 12 MW run-of-river hydro project in the same area costing $15 million that they “hope to do in one year.”
“Government agencies should give us extra support and fast track our hydro projects so that the power shortages will be addressed. Hydro should be fully supported so that these resources can be harnessed,” he said.
SLRB is also developing the 650 MW Wawa pump storage hydro project in Rizal which will be constructed in three phases; a 160 MW hydro plant utilizing the Davao River; and a 190 MW hydro plant in Kalinga utilizing the Chico River.