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Asiapac Green Renewable Corp. is setting up 4 hydro power plants worth P1.175 billion to beef up power supply in Mountain Province.



The Board of Investments (BOI) has already approved the project with incentives.

The four power plants include the 2.4 megawatt Dicapan hydropower project in barangay Lubon, Tadian with a project cost of P369.8 million.

The second project is the P400.7 million Upper Siffu hydropower project to generate 2.75 MW power in barangay Balangao, Natonin has generation capacity of 2.75 MW.

The third plant will also be located in barangay Balangao will produce 3 MW at a project cost of P426.8 million.

The last project component is a 2.4 MW Tanudian power plant to be located in barangay Lias, Barlig.

The power plants will have a combined capacity of 10.55 megawtts to supply 39.947 million kilowatt-hours of electricity annually for the Mountain Province area.

These projects are expected to start simultaneous operations in March 2016.

Each project will employ 17 people for a total of 68.

Mountain Province has no power generating facility. It relies power supply from the Mountain Province Electric Cooperative.

The RE sector is one of the priority activities in the Investment Priorities Plan qualified for government tax perks. The BOI spearheads the inter-agency efforts to craft the annual IPP, which is specially formulated to attract more investments and mobilize private capital in key areas of the economy.

The installation and expansion of RE is a critical factor in sustaining the energy supply of the country. The government aims to triple its existing RE capacity of 5,438 MW to 15,304 MW by 2030 as part of the National Renewable Energy Program (NREP) and in line with the vision of the Philippine Energy Plan 2012-2030.

Various RE sources such as solar, hydro, wind and biomass are now being utilized on a larger scale as part of the government’s electrification efforts in the countryside. This is also in line with its strategy of reducing harmful emissions to address climate change, energy security and access.
Over the years, RE has evolved into a major contributor of the country’s primary energy supply. It accounted 57.5 percent of the energy needs as of 2010 based on Department of Energy figures. Hydro energy dominates the RE sector as it already accounted over 60 percent of the RE output as of 2010.

Reference:

Cahiles-Magkilat, B. (2013 May 10).P1.18-B RE Investment boost Mountain Province Energy Supply. Manila Bulletin. http://www.mb.com.ph/article.php?aid=11365&sid=2&subid=77

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