AboitizPower signs contract with Zamboanga electric co-op | Inquirer Business

AboitizPower signs contract with Zamboanga electric co-op

AboitizPower Corp. has secured a bilateral contract with Zamboanga del Norte Electric Cooperative (Zaneco) for part of the output of the  68.8-megawatt (MW) Manolo Fortich run-of-river hydro power plant project in Bukidnon.

The contract covers initially 5 MW of energy supply from the power station being constructed and developed by AboitizPower subsidiary Hedcor. The power plant in Bukidnon is scheduled for completion in 2017.

The signing ceremony was held on June 8, 2016.

Article continues after this advertisement

Mindanao’s shift toward strengthening its renewable energy future moved a step closer with the signing of the bilateral supply contract, said officials of AboitizPower and Zaneco.

FEATURED STORIES

Zaneco serves the cities of Dipolog and Dapitan and the entire Zamboanga del Norte. The agreement makes Zaneco a “green” energy supporter, according to board president Jesus Eduardo Tayrus Sr.

The cooperative earlier signed supply contracts with AboitizPower subsidiaries Therma South and Therma Marine to secure the baseload (coal-fired) and peaking (oil-fired) power demand of Zamboanga del Norte.

Article continues after this advertisement

“We praise the zealousness of Zaneco in ensuring they get renewable energy to meet the needs of their growing franchise area,” Hedcor assistant VP Darlene Arguelles said.

Article continues after this advertisement

Arguelles said she was confident Hedcor would “deliver as promised” the supply from the Manolo-Fortich power plant by 2017.

Article continues after this advertisement

Hedcor owns and operates run-of-river hydro power plants in Benguet, Mt. Province and Davao del Sur, which have combined capacity of about 185 MW of clean and renewable energy.

In Mindanao, Hedcor delivers power to Davao Light and Co. through the Talomo, Sibulan and Tudaya power plants and the Davao del Sur Electric Cooperative (Dasureco) through its Tudaya power plant.

Article continues after this advertisement

AboitizPower is the holding company for the Aboitiz Group’s investments in power generation, distribution, and retail electricity services.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: aboitizpower corp., Business, Contract, economy, News

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.