A subsidiary of local renewable energy developer Sunwest Water and Electric Co. Inc. (Suweco) has forged a supply agreement with Antique Electric Cooperative Inc. (Anteco) for the supply of power in Antique province.
Jose Silvestre Natividad, Suweco president, explained in a media briefing that with the signed power supply agreement, Sunwest Water and Electric Co. Inc. II (Suweco2) will be supplying all the generated power of its Villasiga1 and Guiamon-San Ramon hydropower plants to the franchise area of Anteco.
“Target completion [of the 8-megawatt Villasiga 1 mini-hydropower project]is within the year after which we are going to generate power to Anteco. Our timeline is by January or before January 2014 we could generate power,” he added.
Ludovico Lim, Anteco general manager, said that the agreement is a response to the need for adequate supply of power for distribution to the company’s consumers in its service areas at reasonable rates over the long term.
The 8-megawatt Villasiga Hydropower project would be the first hydropower plant on Panay Island. It is a run-of-river renewable energy type of power development that will optimize the potential use of the main Paliuan River to generate power.
According to Department of Energy Assistant Secretary Daniel Ariaso Sr., the project is a response to the government’s call to increase the estimated current energy supply of the country from renewable energy, from the current 20 percent to 50 percent in the next 15 years.
Partly financed by BDO Unibank, the Villasiga project has a total investment cost of about P1.6 billion with a potential annual energy generation of 31.48 million kilowatt hours.
The Villasiga project is about 88.4-percent completed and is expected to generate power starting in December this year.
The Villasiga 1 and Guiamon-San Ramon hydropower plants are located in the municipalities of Bugasong and Laua-an, respectively.
“In Antique, we still have four projects in the pipeline. We will start the Villasiga 2. We have the Dalanas and Tibiao and so on. There are still so much projects to be constructed in the next coming years,” Natividad said.
Suweco currently has a project portfolio of 59 projects at different stages of development. These 59 projects are expected to generate a total capacity of around 280 MW in the next 10 years.
Suweco is part of the Sunwest Group of Companies, a brainchild of Legazpi-based entrepreneur and businessman Elizaldy Co.
Madelaine B. Miraflor