The projects includes the 60 MW Abuan facility in Ilagan, Isabela; the 45 MW Natalang plant in Kabayan, Benguet; the 45 MW Sicopong in Sta. Catalina, Negros Oriental; the 33 MW Pacuan-Guinoba in La Libertad, Negros Oriental; the 24 MW Saltan in Balbalan, Kalinga; and two facilities with a capacity of 22 MW and 20 MW in Pasi, Kalinga; the 18 MW Dulangan plant in Baco, Oriental Mindoro; the 17.8 MW Jalaur in Calino, Iloilo; the 11 MW Okoy in Valencia, Negros Oriental; and the 5.4 MW Siaton plant in Siaton, Negros Oriental.
PNOC-RC President Pedro H. Maniego, Jr. said: “several local and foreign companies have signed MoUs [memorandum of understanding] expressing their interest to partner with us.”
“We have local and foreign partners lined up for our 11 hydro projects. We will sit down with them within the next few weeks for their share in the equity and project costs,” Maniego said.
Maniego said that the firm was wrapping up studies for each plant. Cost of producing power was pegged at $2 million to $2.5 million per MW.
“We are now preparing detailed cost estimates for each project based on our pre-feasibility studies,” Maniego said.
“We are also finalizing the information memo and project profiles for investors,” Maniego added.
PNOC-RC will prioritize projects located in the Visayas to help address the power supply shortfall in the island. The situation in the Visayas grid was declared critical in 2008, with the island now experiencing rotating brownouts.
The Cebu-Negros-Panay grid in the Visayas, which requires an average of 925 MW daily and reserves of at least 100 MW, has been reported to already have a 30% supply deficit.
