Philippines developer begins construction of 42.5-MW Sibulan

Developer Hedcor Sibulan Inc. has launched construction of the 42.5-MW Sibulan hydroelectric project on the Sibulan and Baroring rivers in the Philippines’ Davao del Sur Province.

Hedcor signed a 111.5 million peso (US$2.4 million) construction management contract with Engineering and Development Corp. of the Philippines and Tonkin and Taylor International Ltd. of New Zealand. The firms are to coordinate and supervise construction of the project and implement its construction contracts.

Hedcor previously named JV Angeles Construction Corp. the civil contractor and SOCOIN Ingenieria the electro-mechanical supplier. The developer issued a notice to proceed June 26.

The 5.06 billion peso (US$110 million) project includes two run-of-river hydro plants in cascade. Upon completion in August 2009, it is to supply 212 million kWh to Davao Light &Power Co. under a contract won by competitive bidding. Davao Light &Power signed a 12-year contract with Hedcor in March. (HNN 3/21/07)

Earlier this year, another Hedcor Inc. unit, Hedcor Tamugan Inc., received government approval to invest 2.8 billion pesos (US$59 million) to build the 19-MW Tamugan hydroelectric project in Davao del Sur.

Hedcor is a unit of Aboitiz Equity Ventures, which in 2005 merged its hydropower subsidiaries, Hydro-Electric Development Corp. and Northern Mini Hydro Corp., into a single operation, Hedcor Inc., to manage its 19 hydropower plants totaling 113 MW

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