by Madelaine B. Miraflor December 7,
2015
Aboitiz Power Corporation
(AboitizPower), through its unit SN Aboitiz Power – Magat, Inc. (SNAP-Magat),
already got the regulatory approval to operate the additional capacity of the
360-megawatt (MW) Magat Hydroelectric Power Plant (Magat HEPP).
In a disclosure to the Philippine
Stock Exchange, AboitizPower said on Monday that it was advised by SNAP-Magat
that the Energy Regulatory Commission already issued a Certificate of
Compliance (COC) for all four 90-MW units of Magat plant.
“The COC, which is valid for five
years, signifies Magat HEPP’s compliance with the requirements under the 2014
Revised Rules for the Issuance of Certificate of Compliance for Generation
Companies, Qualified End Users and Entities with Self-Generation Facilitates,
the Philippine Grid Code, Philippine Distribution Code, Wholesale Electricity
Spot Market Rules and related laws and regulations,” AboitizPower explained.
SNAP-Magat, a joint venture of
AboitizPower’s subsidiary Aboitiz Renewables, Inc. and SN Power Invest
Netherlands BV, is the owner and operator of the plant, which is located at the
border of Ramon, Isabela and Alfonso Lista, Ifugao.
The uprating of the three units of
Magat HEPP plant was already completed since last year.
The registered maximum load of the
plant has been set at 95 MW per unit or 380 MW for all its four units.
For the rehabilitation of the three
units, AboitizPower spent around P1.3 billion, while it allotted another P500
million for the uprating of the last unit.
As of now, the company is also
working towards the development of another big-ticket hydropower project, the
350-MW Ifugao hydropower plant.
The DOE, earlier this year, already
gave its approval to SNAP’s application to build, signing three renewable
energy contracts for the said project.
The integrated hydropower complex
will be composed of three hydropower plants namely the Alimit Hydroelectric
with 100 MW target capacity, Olilicon Hydroelectric with10 MW, and Alimit
Pumped-Storage Hydroelectric with 240MW.
The facilities will be developed
under unit SN Aboitiz-Ifugao (SNAP-Ifugao).
SNAP’s other plants are the 105-MW
Ambuklao and 125-MW Binga hydropower plants in Benguet, which had also
undergone rehabilitation in the past years.
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