Norway’s SN Power Interested in Philippine Hydro Power Plants

Norwegian power company Statkraft Norfund Power Invest AS (SN Power) remained optimistic about its Philippine prospects after disclosing plans to acquire local independent power producers (IPPs).
SN Aboitiz Power Inc., the company’s joint venture with the Aboitiz Power Corp., is eyeing to bid for the 246 megawatt Angat hydro power facility, Rodolfo Azanza, SN Power’s Philippine representative, said. The joint venture is also eyeing to secure ownership of various IPPs, particularly hydro power plants, Azanza said.  Located in San Lorenzo, Norzagaray, Bulacan, the Angat facility will be put up for sale in the coming months.
It began commercial operations in July 1967 after its auxiliary units 1 and 2 was commissioned. In October of the same year, two main generating units were also brought online. Two more generating units – named main units 3 and 4 – were later introduced in August 1968. SN Power is currently eyeing nine new projects, primarily hydropower facilities.
“We are for now primarily focused on the hydropower opportunities in the Philippines…Going into a wind power project or other renewable projects in the Philippines has yet to be decided,” Azanza said.
SN Power currently owns and operates 14 hydropower plants in various countries in Asia and Latin America. Besides hydropower plants, SN Power also runs a wind power project in Chile called the 47 megawatt Totoral Wind Farm located at the country’s Coquimbo Region

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