Wednesday, May 30, 2012

Hedcor to add 54 MW in Mindanao


DAVAO CITY, May 25 – Hedcor, a subsidiary of AboitizPower, is now on its 34th year of generating clean energy through its run-of-river hydropower systems in Davao, Benguet and Ilocos Sur.

In Davao, it currently generates 47 megawatts (MW).

The energy crisis Mindanao is currently facing encouraged Hedcor to buildfive (5) more plants with a total capacity of 54 MW to help address thesituation.

The Tudaya project, an expansion of the 42.5 MW Sibulan Hydropower Plantin Sta. Cruz, Davao del Sur Hedcor, will soon start its construction afterthe Renewable Energy contract of Department of Energy will be given.

In the province of Bukidnon, necessary permits are presently applied for bythe company for the 28.2 MW Sita-Simod project.

The project will harness the Sita and Simod rivers.

The two host barangays and the Municipality of Kitaotao already endorsed the proposed project after signing the memorandum of agreement with Hedcor officials.

Another project is in Davao City with 12 megawatts.

“We feel very strongly that we are part of the solution to Mindanao’s powerwoes rather than the problem,” said AboitizPower President and CEOErramon I. Aboitiz.

Hedcor is the largest developer of run-of-river hydropower in the country,owns and operates 19 hydropower plants in Benguet, Ilocos Sur, and Davaowith a total capacity of 154 megawatts.

AboitizPower is the holding company for the Aboitiz Group’s investments inpower generation, distribution, retail and power services.

It is a major producer of Cleanergy, its brand for clean and renewable energy in thePhilippines with several hydroelectric and geothermal assets in itsgeneration portfolio, and also has non-renewable power plants locatedacross the country.

The company owns distribution utilities that operate in high-growth areas in Luzon, Visayas, and Mindanao. (For more details, please visit: www.aboitizpower.com and www.cleanergy.com.ph) (Hedcor)


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