Aboitiz to build big Ifugao hydropower plant complex
>> Saturday, June 15, 2019
LAMUT, Ifugao -- Renewable energy provider SN Aboitiz Power
(SNAP) and the municipal government of Lamut recently signed an agreement for
the proposed Alimit Hydropower Complex.
The same framework
agreement was concurred by the Lamut municipal council, through the issuance of
Resolution No. 2019-18-041 endorsing the Alimit project.
With this, all
four of the local government units hosting Alimit Hydro, namely the towns of
Aguinaldo, Lagawe, Lamut, and Mayoyao, have signified their approval for what
is set to be Ifugao’s first large-scale hydropower facility.
The agreement outlines
the cooperation, collaboration, and obligations between and among SNAP as
project proponent and the municipalities as hosts during the development and
operation phase of the project.
“We believe that
meaningful collaboration with our stakeholders and communities can help propel
our country toward a more energy-secure future,” said SN Aboitiz Power
president and CEO Joseph S. Yu. “We are thankful for the support and trust that
the concerned local government units of Ifugao have extended to SNAP and the
Alimit Project.”
The first phase of
the project entails the construction of the 120-megawatt Alimit Plant and the
20-MW Olilicon Plant. The capital outlay for this phase is expected to be
between US$450 to US$550 million.
The second phase of
the complex includes the 250-MW Alimit pumped storage facility.
SNAP is a joint
venture of SN Power of Norway and Aboitiz Power.
It owns and operates the
360 to 388-MW Magat hydro on the border of Isabela and Ifugao; the 8.5-MW Maris
hydro in Isabela; the 105-MW Ambuklao hydro in Benguet; and the 140-MW Binga
hydro also in Benguet.
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