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Philippines : PHILIPPINES-HYDROTEC Renewables to invest 9 mini hydro plans.

In Philippines, Hydrotec Renewables is scheduling to spend in nine mini-hydropower projects in the Philippines that could generate 28MW of power.

According to the data released by the Department of Energy (DoE), the company has 9 awaiting applications for renewable energy service contracts.

These applications will permit the energy firm to follow the possibility study for the proposed hydropower projects.

In Isabela's municipality, Ramon, the company is looking at the chance of setting up the 7.39MW Baligatan 3 hydropower facility.

The corporation is eyeing six mini-hydropower projects in three areas, they are: Rizal - the 2.24MW Hinulugang River and 1.85MW Nangka 1 River hydropower plants, the 1.89MW Marikina 1 River, 6.87MW Marikina Upper 2 River and 1.85MW Montalban 2 River hydropower projects, and the 2.46MW Marikina 3 River power facility.

Hydro resources now produce 3,400MW of power and the DoE targets to increase the generation capacity from hydropower facilities by other 5,358.30MW by 2030.

A sum of 304 possible projects, which were proposed before the government by a variety of developers and government agencies, will need a total investment of PHP654.98bn ($15.64bn).

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Publication:Mena Report
Geographic Code:9PHIL
Date:Aug 14, 2012
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