by Lenie Lectura – December 7, 2015
from Business Mirror
THE Energy Regulatory Commission (ERC) has issued a certificate of compliance (COC) to SN AboitizPower-Magat Inc. for all four 90-megawatt (MW) units of the Magat Hydroelectric Power Plant (Magat HEPP).
SN AboitizPower-Magat, a joint venture of AboitizPower’s subsidiary Aboitiz Renewables Inc. and SN Power Invest Netherlands BV, is the owner and operator of the 360-MW Magat HEPP at the border of Ramon, Isabela, and Alfonso Lista, Ifugao.
The COC is valid for five years.
The power firm said the issuance of the certificate signifies Magat HEPP’s compliance with the requirements under the 2014 Revised Rules for the Issuance of Certificate of Compliance for Generation Companies, Qualified End Users and Entities with Self-Generation Facilitates, the Philippine Grid Code, Philippine Distribution Code, Wholesale Electricity Spot Market Rules and related laws and regulations.
Last month SN AboitizPower-Magat said it will build a hydroelectric power plant along the irrigation canals that are part of the Magat River Integrated Irrigation System in Ramon, Isabela.
SN AboitizPower-Magat signed a memorandum of agreement with the National Irrigation Administration (NIA) for the construction of an 8.5-MW hydroelectric power plant along the Maris Main (South) Canal.
The power firm must work with the NIA because the project is within its irrigation.
The power project shall commence during the last quarter of 2015 and is targeted to be completed by November 2017.
As a rule of thumb, a run-of-river hydro-power project usually costs $2.5 million to $3 million per MW.