By Danessa Rivera (The
Philippine Star) | Updated May 12, 2016 - 12:00am
MANILA, Philippines – Local
renewable energy developer Repower Energy Development Corp. (REDC) and its
partners, food and fishing conglomerate Frabelle and TSP Marine Group, have
started building a three-megawatt (MW) mini-hydropower plant in Quezon, the
first in the province.
REDC said in a statement the
partners broke ground for a three-MW run-of-river hydropower plant at the Upper
Labayat River in Real, Quezon.
“This project will directly address
the province’s overdependence on coal power plants as its primary energy
source,” REDC chief executive officer Dexter Tiu said.
The company said the plant, which
will use water from the Upper Labayat River stream, is scheduled to begin
operations in the fourth quarter of 2018, after a construction period of about
two years.
Frabelle Group president Francisco
“Kiko” Tiu-Laurel said the project will not only provide power needs in the
local community but can one day supply their own factories and shipyards.
“The hydropower project, once
constructed, will generate more energy than our own factory requirements and at
the same time stabilize the energy needs of the communities here,” he said.
The power plant will generate over
16-gigawatt-hours of clean and renewable energy annually, equivalent to the
consumption of around 20,000 households.
The Upper Labayat hydropower plant’s
renewable power output through a 2.5- kilometer transmission line is expected
to qualify for feed-in-tariff incentives and get dispatched in the electricity
spot market at P5.90 per kilowatt hour.
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