By Danessa O. Rivera (The
Philippine Star) | Updated December 9, 2015 - 12:00am
MANILA, Philippines - The joint
venture of Aboitiz Power Corp. and SN Power of Norway has received clearance
for its 360-megawatt (MW) hydroelectric power plant (HEPP) at the border of
Isabela and Ifugao.
AboitizPower disclosed Monday it was
advised by SN Aboitiz Power-Magat Inc. that the Energy Regulatory Commission
has issued a certificate of compliance (COC) for all four 90-MW units of the
Magat Hydroelectric Power Plant (Magat HEPP).
The firm said the COC, which would
be 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.
SN Aboitiz Power-Magat is the owner
and operator of the 360-MW Magat HEPP after winning the auction for the plant
in December 2006.
In 2014, the firm refurbished the
power plant to preserve its remaining life and continuance of its availability.
SN Aboitiz president Emmanuel Rubio
earlier said the rehabilitation will make it a “completely new Magat.”
Its sister firm SN Aboitiz
Power-Benguet Inc. completed the rehabilitation of the 105-MW Ambuklao HEPP in
2011 and of the 125-MW Binga hydropower plant in Itogon, Benguet in 2013.
The company took over the Binga and
Ambuklao plants in 2008 after winning the 2007 auction with a $325-million
offer.
SN Aboitiz has a total capacity of
617 MW, which is expected to grow in the coming years with some expansion plans
in the pipeline.
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