Aboitiz family scales up renewable energy portfolio
AboitizPower Corp. continues to ramp up its portfolio of generation facilities across the Philippines amid a strong demand for renewable energy.
SN AboitizPower (SNAP), a subsidiary of AboitizPower, just completed the commissioning of its 8.5-megawatt (MW) Maris main canal 1 hydroelectric power plant in Nueva Vizcaya, which is expected to be operational this month.
The plant re-uses the water coming from the 360-MW Magat hydro plant through the re-regulating dam located downstream of Magat River. The water then flows into the Maris Main (South) Irrigation Canal.
The Maris hydro power plant, the first greenfield project of SNAP, is composed of two units of Kaplan pit type turbines with generator nameplate capacity of 4.25 MW each.
Last month, AboitizPower’s run-of-river hydro business unit Hedcor signed civil works contract with UK-based contractor Whessoe for its 19-MW Bineng combined hydropower project in Benguet.
Apart from this, the 69-MW run-of-river hydro project ManoloFortich of AboitizPower unit Hedcor is slated to to start commercial operations this year or early next year.
Once completed, it will increase Hedcor’s capacity of 185 MW of clean and renewable energy from 22 hydropower plants nationwide, bringing AboitizPower’s advanced hydro project developments to around 97 MW.
“The company’s continued expansion of its RE portfolio is in line with its balanced mix growth strategy,” said Antonio R. Moraza, president and COO of AboitizPower.
“We never stop looking for ways to maximize productions from our RE facilities because we know the role it plays in our overall strategy,” Moraza said.
AboitizPower and its partners currently have a total capacity of 787 MW capacity from hydropower generation facilities, which make up 62 percent of the total 1,263-MW.
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. (PNA)