The Philippines Department of Energy has issued a Certificate of Registration to the Aboitiz Power Corp., allowing for the pre-development of the 45-MW Nalatang B hydropower project.
Aboitiz Power was selected to develop Nalatang B by state-owned PNOC Renewables Corp. with a contractual joint venture model.
The project is expected to cost more than US$60 million, with completion scheduled for 2016. The run-of-river plant will be located on the Agno River near Kayaban.
PNOC-RC, the renewable energy arm of the Philippine National Oil Co., called for joint venture partners for the development of five hydropower projects — including Nalatang B — last year.
PNOC announced in 2010 that it intended to spend more than $335 million developing up to seven hydro projects that could have a cumulative output capacity of around 200 MW.
HydroWorld.com reported this past August that the Philippines DOE had approved a renewable energy service contract with SN Aboitiz Power for the proposed 350-MW SNAP-Ifugao complex.
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