Philippines could get 1,200 MW of new hydroelectric power capacity

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hydro-power-philippinesFour new hydropower projects could give the Philippines more than 1,200 megawatts of additional capacity. The plants, proposed by San Lorenzo Ruiz Builders and Developers Group Inc. (SLRB), include the 500-megawatt Wawa in the Rizal province, 312 megawatt combination conventional/pumped-storage plant in Samar, and 160-megawatt Davao and 240-megawatt Chico River plants in Northern Luzon, Hydroworld reported.

“These projects are very much needed in our country,” SLRB president and CEO Oscar Violago said. “We will be able to greatly help the power crisis in the Philippines.”

Banco de Oro Capital and Investment Corp. will serve as financial adviser for the $2.5 billion undertaking.

“As financial advisor, we will help them arrange and look for partners,” Banco de Oro president Ed Francisco said. “We will help them select the debt and equity partner to finance the projects.”

SLRB said a number of foreign investors have expressed interest in the projects, but that the company is not ready to disclose potential partners.

Construction of the projects would take between three and four years, according to SLRB.

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Reading Time: 1 minute

Four new hydropower projects could give the Philippines more than 1,200 megawatts of additional capacity. The plants, proposed by San Lorenzo Ruiz Builders and Developers Group Inc. (SLRB), include the 500-megawatt Wawa in the Rizal province, 312 megawatt combination conventional/pumped-storage plant in Samar, and 160-megawatt Davao and 240-megawatt Chico River plants in Northern Luzon, Hydroworld reported.

Reading Time: 1 minute

hydro-power-philippinesFour new hydropower projects could give the Philippines more than 1,200 megawatts of additional capacity. The plants, proposed by San Lorenzo Ruiz Builders and Developers Group Inc. (SLRB), include the 500-megawatt Wawa in the Rizal province, 312 megawatt combination conventional/pumped-storage plant in Samar, and 160-megawatt Davao and 240-megawatt Chico River plants in Northern Luzon, Hydroworld reported.

“These projects are very much needed in our country,” SLRB president and CEO Oscar Violago said. “We will be able to greatly help the power crisis in the Philippines.”

Banco de Oro Capital and Investment Corp. will serve as financial adviser for the $2.5 billion undertaking.

“As financial advisor, we will help them arrange and look for partners,” Banco de Oro president Ed Francisco said. “We will help them select the debt and equity partner to finance the projects.”

SLRB said a number of foreign investors have expressed interest in the projects, but that the company is not ready to disclose potential partners.

Construction of the projects would take between three and four years, according to SLRB.

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