Hedcor agrees to supply Buseco 5 MW of power in 2017
By Lenie Lectura – November 14, 2016
from Business Mirror
ABOITIZPower subsidiary Hedcor Inc. will supply Bukidnon Second Electric Cooperative Inc. (Buseco) 5 megawatts (MW) in 2017.
An energy-supply agreement was signed by both parties on November 10. Buseco will be sourcing power from Hedcor’s 68.8-MW Manolo Fortich hydropower project set to be operational by the second quarter of next year. Buseco services Malaybalay City, the towns of Lantapan, Cabanglasan, Impasugong, Sumilao, Malitbog, Libona, Manolo Fortich, Baungon and Talakag, and Barangay Lilingayon of Valencia City. Buseco General Manager Deiter Hoff Arellano said through Hedcor, Buseco can achieve its goal to deliver adequate power to its customers using local and sustainable resources. “Thanks to Hedcor for the opportunity, for giving us part of the power that will be generated from the hydropower plant. At the end of the day, the ultimate beneficiary is our member consumer-owners,” Arellano said.
The hydropower facility, which costs $280.4 million, will provide additional power to the Mindanao grid. The project will be the latest addition to AboitizPower’s growing portfolio of renewable energy in the country under the Cleanergy brand.
Rolando Pacquiao, Hedcor VP for Operations in Mindanao, said the company is committed to explore better ways to integrate good social development and responsible environmental stewardship into its business operations. Buseco is the sixth electric cooperative to pick Hedcor’s renewable energy in Mindanao. Hedcor was also the power generator of choice of Zamboanga del Sur Electric Cooperatives 1 and 2, Zamboanga del Norte Electric Cooperative, Misamis Occidental I Electric Cooperative and Siargao Electric Cooperative.
“Manolo Fortich hydro plant will enable us to further our commitment to support the energy needs of our country, particularly Mindanao. We remain committed to provide reliable, ample and competitively priced power, generated with the least possible adverse effects on our environment and host communities,” Pacquiao said.
Hedcor manages and operates 22 hydropower plants and supplies the country with 185 MW of clean and renewable energy. With more than 30 years of experience, Hedcor is the leading run-of-river developer in the Philippines.
