Philippines’ Aboitiz to develop over 100 MW of hydro projects
Philippines’ Aboitiz Power Corp confirmed on Monday that it planned to develop four to five hydropower projects with an average capacity of at least 25 MW.
The power generation and distribution company is to develop the schemes through its subsidiaries in the Hedcor group. The projects are still in the pre-development phase, Aboitiz noted in a stock exchange statement in response to a local media article.
BusinessWorld Online reported on Sunday that Hedcor planned to build the hydropower plants to achieve its 2020 annual generation target of 2 billion kWh, citing Hedcor senior vice president Chris Fernando Faelnar. Currently, the company has an annual generation capacity of 800 million kWh, Faelnar said.
Hedcor — which now operates 22 hydropower facilities — is on track with the construction of the 68-MW project in Bukidnon, Faelnar was also cited as saying. – SeeNews Renewables