Zaneco signs power-supply deal with Aboitiz

by Lenie LecturaJune 9, 2016

from Business Mirror

ABOITIZ Power Corp. (AboitizPower) and Zamboanga del Norte Electric Cooperative (Zaneco) have signed a power-supply agreement aimed at boosting Mindanao’s power supply.

Under the agreement, Zaneco will initially source 5 megawatts (MW) from the power firm’s 68.8-MW Manolo Fortich run-of-river hydropower-plant project being constructed by AboitizPower subsidiary Hedcor. The power plant, located in Bukidnon, is slated for completion in 2017.

“Our area is short of power, and with this supply, we hope to solve our problem, this time through renewable energy,” Zaneco Board President Jesus Eduardo Tayrus Sr. said at the signing ceremony at the Dakak Beach Resort.

Zaneco serves the cities of Dipolog and Dapitan, and the entire province of Zamboanga del Norte.

“We praise the zealousness of Zaneco in ensuring they get renewable energy to meet the needs of their growing franchise area,” Hedcor Assistant Vice President Darlene Arguelles said. “We are looking forward to serve other electric cooperatives as they strive to push renewable energy into their portfolios.”

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

Hedcor owns and operates run-of-river hydropower plants in Benguet, Mountain Province and Davao del Sur. Its power plants combine for around 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.

The general manager of Zaneco, Adelmo Laput, also praised the cooperative’s partnership with AboitizPower, saying the contract with Hedcor was in the right direction of ensuring that the cooperative maximizes use of renewable energy.

The cooperative earlier signed supply contracts with AboitizPower subsidiaries Therma South and Therma Marine to secure the baseload and peaking demand of Zamboanga del Norte.

(With Manuel T. Cayon)