Philippines bank awards grant for 8-MW Asiga hydropower project

The Development Bank of the Philippines (DBP) has agreed to a US$20 million loan to the Asiga Green Energy Corp. for the construction of a new small hydropower project in the country’s northern region.

DBP said the hydroelectric plant will have an output capacity of about 8 MW and will help stabilize the energy supply around Caraga.

The project will create up to 300 jobs during its two-year construction period, the bank said, with another 25 permanent positions created once the facility is completed.

The Asiga plant is part of the Philippine government’s efforts to increase the country’s renewable portfolio. reported in February that its Department of Energy had awarded contracts for four small hydropower plants to be located in Negros Occidental, while a 200 MW pumped-storage hydropower plant was approved earlier this week.

For more project development news, visit here.

Previous articleVietnam utility seeks bids to equip 7.5-MW Nam Pay hydro project
Next articleU.S. seeks draft tube, scroll case hoist systems at 603-MW Ice Harbor, 810-MW Lower Monumental dams
Michael Harris formerly was Editor for

No posts to display