By Alena Mae S. Flores Posted on May 20, 2013 at 12:01am
First Gen Luzon Power Corp. said it remains interested in developing the Balintingon reservoir and hydroelectric power project in General Tinio, Nueva Ecija, which is estimated to cost $300 million.
“We’re doing the feasibility study for Balintingon but hydros really take time. It’s not like wind, which is easy to understand as [once] you build it, you can operate it right away. For hydro it’s more complicated,” First Gen president Francis Giles Puno told reporters.
Puno said the Balintingon hydro project was “good because it has both a power component and an irrigation component so that will be good for the country.”
The Energy Department approved First Gen’s Balintingon reservoir multi-purpose project that is expected to deliver 30 to 40 megawatts of additional power in Luzon. First Gen Luzon, a wholly-owned subsidiary of First Gen Corp., plans to build the project.
First Gen Luzon signed an agreement with the province of Nueva Ecija and the municipality of General Tinio in 2011 for “the development, construction and operation of a new hydro reservoir and a new hydroelectric power plant in the municipality of General Tinio, Nueva Ecija for purposes of power generation, irrigation and domestic water supply.”
First Gen Luzon chairman and chief executive Federico Lopez earlier said 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.” source
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