By: Ronnel W. Domingo - 05:05 AM July 01, 2019
SN Aboitiz Power Group (Snap) expects to start in August
pre-construction work for a 390-megawatt hydropower complex in Ifugao, with a
price tag of at least P23 billion, after securing the go-ahead from all local
government units involved.
Snap president and chief executive Joseph Yu said in an
interview the two-phase project would take four years to build.
The first phase, which is expected to cost between $450
million and $550 million, entails the construction of the 120-megawatt Alimit
Plant and the 20-MW Olilicon Plant. Phase 2 involves construction of the 250-MW
Alimit pump storage facility.
A joint venture of SN Power of Norway and Aboitiz Power
Corp., Snap owns and operates the 360-388 MW Magat hydro on the border of
Isabela and Ifugao and the 8.5-MW Maris hydro in Isabela, as well as the 105-MW
Ambuklao hydro and 140-MW Binga hydro, both in Benguet.
“There’s a lot of activity going on here and in Oslo
(Norway),” Yu said. “We’re hoping to get approval to go ahead with
preconstruction, which includes the tendering process for the building of the
Alimit project.”
Earlier this month, Snap signed a framework agreement
with the municipal government of Lamut, which has also issued a resolution that
endorsed the Alimit hydro project.
The agreement with the Lamut town council adds to similar
agreements with the respective town councils of Aguinaldo, Lagawe and Mayoyao.
The agreements outline the cooperation, collaboration and
obligation between and among Snap as project proponent and the municipalities
as hosts during the development and operation phase of the project.
Last week, Snap-Magat Inc. switched on a P24-million
200-kilowatt floating solar installation at the Magat Dam.
Yu said if the pilot would turn out successful, Snap
could scale up the project to 20 MW although the Magat Dam has a potential to
accommodate up to 50 MW.
No comments:
Post a Comment