By Donnabelle L. Gatdula (The Philippine Star) Updated September 17, 2010 12:00 AM Comments (0) |
MANILA, Philippines - President Aquino inaugurated yesterday Aboitiz Power Corp.’s Sibulan hydropower plant, a greenfield project that is expected to make a significant contribution to the Mindanao grid.
The Chief Executive was joined by APC’s top executives at the Sta. Cruz, Davao del Sur site for the ceremonial start sequence of the generator, switching it on to full capacity.
The Sibulan hydroelectric power plant is a 42.5-megawatt facility consisting of two cascading run-of-river hydropower plants that harness water coming from the Sibulan and Baroring Rivers to run the plant turbines to generate electricity.
APC’s wholly-owned subsidiary Hedcor Sibulan Inc. runs the Sibulan hydroelectric power plant’s operations. Its construction started in 2007 after Davao Light and Power Co., also an APC company, foresaw the increase of power demand in Mindanao.
“The Sibulan hydropower project is a vital greenfield project for Southern Mindanao. It will deliver over 200 million kilowatt-hours annually of Cleanergy, AboitizPower’s brand for clean and renewable energy, to Davao Light to augment its power supply to sustain Davao’s impressive growth. This responsible choice by Davao Light has a secondary effect of encouraging more investment in renewable generation capacity on the part of investors like AboitizPower,” APC president and CEO Erramon Aboitiz said.
The Sibulan hydroelectric power plant’s generated carbon neutral electricity is likewise seen to reduce greenhouse gas emissions.
It is the first hydropower facility in the country registered under the United Nation’s Framework Convention on Climate Change as a clean development mechanism (CDM) project that will sell certified emission reduction units (CERs) to industrialized countries.
CDM is the first global environmental investment and credit scheme that allows emission-reduction or emission removal projects in developing countries to earn CER credits, which is equivalent to one ton of CO2.
The CERs can then be traded and sold, and eventually used by industrialized countries to meet a part of their emission reduction targets under the KyotoProtocol.
“The Sibulan hydropower project is our answer to the growing demand to develop energy sources that are clean and renewable. It is also our contribution to the worldwide effort to reduce greenhouse gas emissions and arrest the worsening effects of global warming,” Aboitiz said.
The construction of the Sibulan hydroelectric power plant has likewise led to the improvement of its host communities.
It will contribute an estimated P700 million for sustainable projects such as new and improved farm-to-market roads, local employment, rural electrification and scholarship programs.
To date, Hedcor Sibulan has opened and rehabilitated 49 kilometers of farm-to-market roads in Sibulan and Tibolo. These roads provide faster and more efficient means to transport crops and farm produce.
“This project supports the Philippine government’s goal of increasing the country’s renewable energy-based capacity and attaining energy self-sufficiency through the development of indigenous sources such as hydro,” Aboitiz said.
APC is the holding company for the Aboitiz Group’s investments in power generation, distribution, retail and power services.
It is a major producer of renewable energy in the country with several hydroelectric and geothermal assets in its generation portfolio.
The Chief Executive was joined by APC’s top executives at the Sta. Cruz, Davao del Sur site for the ceremonial start sequence of the generator, switching it on to full capacity.
The Sibulan hydroelectric power plant is a 42.5-megawatt facility consisting of two cascading run-of-river hydropower plants that harness water coming from the Sibulan and Baroring Rivers to run the plant turbines to generate electricity.
APC’s wholly-owned subsidiary Hedcor Sibulan Inc. runs the Sibulan hydroelectric power plant’s operations. Its construction started in 2007 after Davao Light and Power Co., also an APC company, foresaw the increase of power demand in Mindanao.
“The Sibulan hydropower project is a vital greenfield project for Southern Mindanao. It will deliver over 200 million kilowatt-hours annually of Cleanergy, AboitizPower’s brand for clean and renewable energy, to Davao Light to augment its power supply to sustain Davao’s impressive growth. This responsible choice by Davao Light has a secondary effect of encouraging more investment in renewable generation capacity on the part of investors like AboitizPower,” APC president and CEO Erramon Aboitiz said.
The Sibulan hydroelectric power plant’s generated carbon neutral electricity is likewise seen to reduce greenhouse gas emissions.
It is the first hydropower facility in the country registered under the United Nation’s Framework Convention on Climate Change as a clean development mechanism (CDM) project that will sell certified emission reduction units (CERs) to industrialized countries.
CDM is the first global environmental investment and credit scheme that allows emission-reduction or emission removal projects in developing countries to earn CER credits, which is equivalent to one ton of CO2.
The CERs can then be traded and sold, and eventually used by industrialized countries to meet a part of their emission reduction targets under the KyotoProtocol.
“The Sibulan hydropower project is our answer to the growing demand to develop energy sources that are clean and renewable. It is also our contribution to the worldwide effort to reduce greenhouse gas emissions and arrest the worsening effects of global warming,” Aboitiz said.
The construction of the Sibulan hydroelectric power plant has likewise led to the improvement of its host communities.
It will contribute an estimated P700 million for sustainable projects such as new and improved farm-to-market roads, local employment, rural electrification and scholarship programs.
To date, Hedcor Sibulan has opened and rehabilitated 49 kilometers of farm-to-market roads in Sibulan and Tibolo. These roads provide faster and more efficient means to transport crops and farm produce.
“This project supports the Philippine government’s goal of increasing the country’s renewable energy-based capacity and attaining energy self-sufficiency through the development of indigenous sources such as hydro,” Aboitiz said.
APC is the holding company for the Aboitiz Group’s investments in power generation, distribution, retail and power services.
It is a major producer of renewable energy in the country with several hydroelectric and geothermal assets in its generation portfolio.
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