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TUESDAY, 14 AUGUST 2012 20:06 PAUL ANTHONY A. ISLA / REPORTER
LISTED Aboitiz Power Corp. (AboitizPower) said on Tuesday that its wholly owned Hedcor Inc. recently broke ground for the construction of the 7-megawatt (mw) Tudaya hydropower-2 plant in Sta. Cruz, Davao del Sur.
AboitizPower said the Tudaya-2 is estimated to cost P1 billion and will form part of its right-mix portfolio of assets in Mindanao.
AboitizPower said it is investing P35 billion to add 354 MW to the Mindanao grid, 54 MW of which will come from the run-of-river hydro plants of Hedcor, and 300 MW from the clean coal facilities of Therma South Inc.
AboitizPower said it has been at the forefront of developing and operating power generating plants using various technologies throughout the country for nearly 80 years.
Erramon Aboitiz, AboitizPower president, said the Tudaya project will provide the Davao area, and Mindanao as a whole, with reliable, dependable and competitively priced power, thereby strengthening the region’s position as a destination for business, investment and tourism.
Aboitiz said the new hydropower plant will be constructed at Barangays Astorga and Rizal in Sta. Cruz, Davao del Sur, harnessing the Sibulan River. It will rise downstream of the Sibulan Hydro B plant, 200 meters away from the Davao-Cotabato highway.
AboitizPower said the generating facility will primarily deliver 40.5 gigawatt-hours annually to the Davao del Sur Cooperative Inc. (Dasureco), which can power more than 7,000 homes.
AboitizPower said the Tudaya hydroelectric power plant’s generated carbon-neutral electricity is seen to reduce greenhouse-gas emissions by more than 30,000 tons of carbon dioxide equivalent.
AboitizPower said the project will be 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.
AboitizPower said the construction is estimated to be completed by the first quarter of 2014, and will open more than 400 employment opportunities to local residents and bring more benefits to the host communities through its Corporate Social Responsibility programs.
“As an AboitizPower company and as one of the largest producers of renewable energy in the country, the Tudaya Hydro 2 is our contribution to the worldwide effort to reduce greenhouse-gas emissions,” said Rene Ronquillo, Hedcor president.
Aside from the Hedcor-Tudaya project, AboitizPower, through its wholly-owned subsidiary, Therma South Inc., signed last month $546 million worth of contracts with local and foreign contractors for the construction of the 300-MW circulating-fluidized-bed coal-fired power plant in Barangay Binugao, Davao City, and Barangay Inawayan, Sta. Cruz, Davao del Sur.
The contractors include Formosa Heavy Industries Corp., and a consortium composed of Black & Veatch and Leighton Contractors (Philippines) Inc.
Formosa Heavy Industries will design, supply and erect the power block equipment while the Black & Veatch consortium will perform civil works as well as engineer, procure and construct the balance of plant systems and facilities.
Site preparation activities for the project started in April 2012 under a construction contract with First Balfour Inc.
The commercial operations of the first 150-MW generating unit is targeted on or before March 31, 2015, with commercial operations of the second unit following three months later. source
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