Aboitiz Equity Ventures : More Mindanao towns to get renewable energy from AboitizPower
January 17, 2018 at 02:49 am EST
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AboitizPower subsidiary Hedcor Bukidnon, Inc. is on the final phase of commissioning its 69-MW hydropower facilities in Manolo Fortich, Bukidnon. Eight electric cooperatives in Mindanao have already signed up for Manolo Fortich Hydro's renewable energy generation beginning 2018.
About 45 megawatts of hydro plant's total rated capacity have already been contracted to various electric coops in Mindanao. This includes South Cotabato II Electric Cooperative (SOCOTECO II), Zamboanga del Sur Electric Cooperatives 1 and 2 (ZAMSURECO 1 and 2), Zamboanga del Norte Electric Cooperative (ZANECO), Misamis Occidental I Electric Cooperative (MOELCI 1), Siargao Electric Cooperative (SIARELCO), Bukidnon Second Electric Cooperative (BUSECO), and Surigao del Sur 1 Electric Cooperative, Inc (SURSECO 1).
'With our partnerships, we are excited to deliver reliable and ample power supply to every town in need in Mindanao while ensuring none-to-very-little potential adverse effects to our environment. We are thankful to our electric coop partners for adding AboitizPower's Cleanergy to attain a more balanced mix of energy for their franchise areas,' said Hedcor VP for operations and maintenance Rolando Pacquiao.
SOCOTECO II, which serves the municipalities of Sarangani, Tupi and Polomolok in South Cotabato and General Santos City, signed for 20 MW, while the municipalities of Lingig, Bislig, Tagbina, Barobo, Hinatuan, Lianga, and San Agustin in the province of Surigao del Sur under the franchise of SURSECO 1 will soon enjoy 2 MW of renewable energy.
ZANECO, which serves the area in and around Zamboanga del Norte and the cities of Dipolog and Dapitan, has signed for a total of 10 MW. Zamsureco 1 and Zamsureco 2, which service the rest of Zamboanga peninsula, signed for 3 MW each.
BUSECO, with franchise locations all over Bukidnon including areas in Malaybalay City, Manolo Fortich, and Valencia City, signed for 5 MW while MOELCI 1, currently servicing some municipalities in Misamis Occidental, and SIARELCO, covering at least nine towns in Siargao island, each signed for 1 MW of power supply.
'We look forward to partnering with more electric cooperatives in Mindanao who wish to start their shift to a more balanced mix of energy supply,' Pacquiao said.
Hedcor currently operates 22 hydro power plants in the country, five of which are located in Davao City, four in Davao del Sur, and 13 in Luzon. These power plants produce a combined 185 MW of clean and renewable hydro power energy.
Aboitiz Equity Ventures Inc. published this content on 17 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 January 2018 07:49:10 UTC.
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Aboitiz Equity Ventures, Inc. is a holding and management company. The Company and its subsidiaries are engaged in various business activities mainly in the Philippines, including power generation, retail electricity supply and power distribution, food manufacturing, banking and financial services, real estate development, and infrastructure. Its segments include power segment, which is engaged in power generation and sale of electricity; financial services segment, which is engaged in banking and money remittance operations; food manufacturing segment, which is engaged in the production of flour and feeds and swine breeding; real estate segment, which is engaged in real property development for sale and lease; infrastructure segment, which is engaged in the production of cement and other building materials and in the supply of treated bulk water; and the parent company and others include the operations of the Company and the service provider subsidiaries that cater to the Group.