By Alena Mae S. Flores – August 31, 2018 at 08:25 pm
Aboitiz Power Corp. expects to fully complete the 68.8-megawatt Manolo Fortich and the 19-MW La Trinidad hydro-electric plant to avail of the extended feed-in tariff for hydro until 2019.
Aboitiz Power said in a filing with the Philippine Stock Exchange Hedcor Bukidnon Inc. was building the Manolo Fortich hydro project in Bukidnon province.
The commercial operations of the first plant with a capacity of 43.4 MW began in July while the second plant with an output of 25.4 MW capacity was expected to reach commercial operations in September “once the fining tunnel lining works are completed.”
The 19-MW La Trinidad hydro power plant, meanwhile, is being built by Hedcor Inc. with completion date set by the second half of 2019.
Both plants were expected to operate with feed-in tariff, Aboitiz Power said.
The Department of Energy has endorsed the extension of the installation target for biomass and hydro until 2019 to the Energy Regulatory Commission.
The installation target for the two renewable energy technologies expired in December. The extension is seen to further promote renewable energy development in the country.