Aboitiz Power Corp. (AP) and Norway’s SN Power have won approval to build a 350-megawatt hydropower project in the Philippines.
The Department of Energy of the Philippines has agreed to a 25-year renewable energy service contract that will be extendable for another 25 years, according to a statement from Cebu City-based Aboitiz Power.
The plant will be built at Ifugao by a venture between the two companies.
To contact the reporter on this story: Natalie Obiko Pearson in New Delhi at firstname.lastname@example.org
To contact the editors responsible for this story: Reed Landberg at email@example.com Indranil Ghosh