AboitizPower, Norwegian venture to install Luzon hydropower plant

The joint venture of Aboitiz Power Corp and Norway’s Statkraft Norfund Power Invest AS is set to develop its string of greenfield power projects in the Philippines.dam_filippines

In a media briefing today, SN Aboitiz Power (SNAP) president Emmanuel V. Rubio said the company will pursue two hydropower projects in Luzon within the year.

The first project is a 7-megawatt (MW) facility that will tap the waters of the Maris irrigation canal, which state-run National Irrigation Administration (NIA) operates.

The proposed plant lies downstream to the company’s 380-MW Magat hydroelectric facility, which straddles the provinces of Isabela and Ifugao.

The project is estimated to cost between $2.5-3.5 million per megawatt, with completion seen in 2016.

Source: Interaksyon

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