First Gen Luzon Power Corp., a unit of First Gen Corp., is conducting studies about the development of the Balintingon Reservoir Multi-Purpose Project in Nueva Ecija.
“The feasibility study for the Balintingon project is ongoing to determine more accurate cost assumptions and size of the power plant,” First Gen president Giles Puno said Friday.
The company earlier estimated the cost of the project, which will generate 30 to 40 megawatts of electricity, at P14 billion.
First Gen Luzon in 2010 signed an agreement with the province of Nueva Ecija and the municipality of General Tinio to develop and build a new hydro reservoir and electric plant for power generation, irrigation and domestic water supply.
Federico Lopez, First Gen Luzon chairman and chief executive, said two years ago that the company was interested in the project “because of its potentially far-reaching contributions to the development not only of Nueva Ecija and General Tinio, but of the entire country.”
“Once completed, this project is envisioned to provide year-round irrigation to an additional 15,000 hectares and livelihood to more than 9,000 farm families and fisherfolks,” Lopez said.
(Published in the Manila Standard Today newspaper on /2012/June/23) source
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