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Hedcor hydroelectric plant fully contracted to 11 distribution utilities

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Hedcor’s hydropower facility
ABOITIZ POWER CORP.

DAVAO CITY — Aboitiz Power Corp. (AboitizPower) subsidiary Hedcor, Inc.’s 69.8-megawatt (MW) hydroelectric plant in Manolo Fortich, Bukidnon is now fully contracted to 11 distribution utilities in Mindanao, nine of which are electric cooperatives and two private firms.

Jaime Jose Y. Aboitiz, executive vice-president for distribution of AboitizPower, said the run-of-river facility “will soon start operations… to deliver renewable power.”

Hedcor is targeting commercial operations of the plant by the first quarter 2019.

Speaking at an event it hosted for the media over the weekend, Mr. Aboitiz said the plant is part of the expansion of the company’s “generation portfolio in Mindanao, anchored on our balanced mix strategy.”

The two private firms that signed contracts with Hedcor are AboitizPower subsidiaries Davao Light and Power Co. and the Cotabato Light and Power Co.

Davao Light serves Davao City and parts of Davao del Norte province, while Cotabato Light covers Cotabato City.

The cooperatives that will buy supply from Hedcor include the Zamboanga del Norte Electric Cooperative, Zamboanga del Sur Electric Cooperative 1, Misamis Occidental Electric Cooperative 1, Zamboanga del Sur Electric Cooperative 2, Siargao Island Electric Cooperative, Bukidnon Second Electric Cooperative, Surigao del Sur 1 Electric Cooperative, South Cotabato 2 Electric Cooperative and Cotabato Electric Cooperative-Main.

In a previous statement, AboitizPower said the Bukidnon plant is part of its commitment this year to increase capacity by about 500 MW. The other new plants are the Pagbilao unit 3, a coal-fired power plant inaugurated in June, and Therma Visayas, another coal-fired plant in Toledo City, Cebu.

The company aims to increase capacity to 4,000 MW by 2020. — Carmelito Q. Francisco