Aboitiz Power signs power supply agreement with SURSECO 1

 (The Philippine Star) | Updated December 18, 2017 - 12:00am

http://www.philstar.com/business/2017/12/18/1769307/aboitizpower-signs-power-supply-agreement-surseco-1

MANILA, Philippines — Aboitiz Power Corp. was tapped by the electricity provider of Surigao del Sur to supply two megawatts (MW) of clean energy from its hydropower facilities starting 2018.

Surigao del Sur 1 Electric Cooperative Inc. (SURSECO 1) signed a power supply agreement (PSA) with AboitizPower subsidiary, Hedcor Bukidnon, for a two-MW electricity supply.

“We take pride in adding AboitizPower’s Cleanergy to our energy supply mix. Like them, we also believe in balance. We are confident that by having a reliable partner like AboitizPower, we will continue to provide efficient electric service to our member-consumers, and to continue to support economic development in our franchise areas,” SURSECO 1 general manager Joceler Moralda said.

SURSECO 1 is currently serving 138 barangays from the municipalities of Lingig, Bislig, Tagbina, Barobo, Hinatuan, Lianga, and San Agustin in the province of Surigao del Sur.

SURSECO 1 is the seventh electric cooperative to choose Hedcor’s renewable energy in Mindanao.

Hedcor was also the power generator of choice of Zamboanga del Sur Electric Cooperatives 1 and 2, Zamboanga del Norte Electric Cooperative, Misamis Occidental I Electric Cooperative, Siargao Electric Cooperative, and Bukidnon Second Electric Cooperative.

Hedcor currently operates 22 hydro power plants in the country—five of which are located in Davao City, four in Davao del Sur, 11 in Benguet, one in Mountain Province, and one in Ilocos Sur.  These power plants produce a combined 185 MW of clean and renewable hydro power energy.

Hedcor will have a new generating capacity from its 68.8-MW hydro power facility in Manolo Fortich, Bukidnon once it begins commercial operations in early 2018.

Apart from the Hedcor plants, AboitizPower continues to ramp up its renewable portfolio with the eight-MW Maris Canal hydro project in Isabela with partner SN Power.

Currently, AboitizPower and its partners have a total of 787-MW capacity from hydropower generation facilities, which make up 62 percent of the total 1,263-MW renewable capacity.

Apart from hydropower projects, the company also owns the fourth and the seventh largest geothermal power plants in the world, which are the 448-MW Makban Geothermal Power Plant in Laguna and Batangas, and the 234-MW Tiwi Geothermal Power Plant in Albay, respectively. In 2016, AboitizPower also launched its first venture into solar power in Negros.