TUBA — The Hedcor Irisan-1 Hydroelectric plant in Benguet has obtained its certificate of compliance, said the Energy Regulatory Commission.
“The ERC is glad that another plant has been completed and more so since it uses a renewable non-carbon gas emission source,” chairwoman Zenaida Cruz-Ducut said.
The commission issued Hedcor Inc. last May 14 a certificate for its 3.89 megawatt plant in Barangay Tadiangan.
“This will fortify the generation capacity of the country and can preempt events where power demand out-shadows supply.”
In a statement, Hedcor said the company and its affiliates have complied as well with the market share limitation under the Electric Power Industry Reform Act.
Registered with the Securities and Exchange Commission in October 1986, Hedcor is authorized to engage in the business of owning, developing, constructing, operating, repairing, and maintaining hydro-electric power plant systems, renewable and indigenous power generation plants and other types of power generation or converting stations, and to act as holding company or joint venture partners or investors in the business of developing, operating and/or owning power generation plants and/or converting stations.
In a disclosure, Hedcor is a wholly owned subsidiary of Aboitiz Renewable Inc. of the Aboitiz Power Corp. under the Aboitiz conglomerate.
The company is recognized as the largest developer and operator of mini-hydros in the country.
The compliance certificate attests to a power plant’s viability for commercial operations, meeting environmental, technical and financial standards.
It is valid for five years and subject to renewal six months before expiration date.
The entire output of Irisan 1 will be fed to Luzon grid through the 69 KV NGCP (National Grid Corporation of the Philippines) Aguyad Main Substation and will be sold to distribution utilities and other qualified buyers through bidding in the Wholesale Electricity Spot Market, according to Ducut.
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