Philippines: Hedcor forges power supply deal with BUSECO

Philippines: Hedcor forges power supply deal with BUSECO

Hedcor Inc., the hydropower subsidiary of Aboitiz Power Corp., has forged a
power supply deal with Bukidnon Second Electric Cooperative Inc. (BUSECO).

Under the energy supply agreement signed last Nov. 10, Hedcor will supply
BUSECO's francise area with five megawatts next year.

With the supply deal, the electric cooperative can achieve its goal to
deliver adequate power to its customers using local and sustainable
resources, BUSECO general manager Deiter Hoff Arellano said.

"We must have a reliable partner in order for us to deliver a reliable and
sustainable power supply to our customers," he said.

"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.

At present, BUSECO provides electricity to Malaybalay City, the towns of
Lantapan, Cabanglasan, Impasugong, Sumilao, Malitbog, Libona, Manolo
Fortich, Baungon and Talakag, and Barangay Lilingayon of Valencia City.

The power supply will be sourced from Hedcor's Manolo Fortich hydropower
project, which is currently under construction and is targeted for
completion by the second quarter of 2017.

"Manolo Fortich Hydro 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,"
said Rolando Pacquiao, Hedcor's vice president for operations in Mindanao.

The $280.4-million Manolo Fortich project will be the latest addition to
Aboitiz Power's growing portfolio of renewable energy in the country under
the Cleanergy brand.

Apart from the Manolo Fortich facility, Hedcor owns and operates 22
run-of-river hydropower plants with a combined capacity of 185 MW. In
Mindanao alone, Hedcor operates nine run-of-river hydropower plants with a
total capacity of 60 MW.

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Link to Original Article:
http://www.philstar.com/business/2016/11/15/1643720/hedcor-forges-power-supp
ly-deal-buseco

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com