San Miguel Corporation is planning to build a P26.3-billion hydropower plant in Malay, Aklan and when done is expected to supply half of Visayas’ power requirement.
The company aims to accomplish this through the Strategic Power Development Corp. (SPDC), a wholly-owned subsidiary of SMC Global Power Holdings Corp.
According to the conglomerate, the plant will help stabilize the supply of power in the region of Visayas by providing ancillary services and peaking power.
“Currently, hydroelectric power facilities account for the largest portion of renewable power source in the country. In this juncture, the development of this project will provide Renewable Energy to the Visayas grid, particularly the Province of Aklan in Panay Island, during peak hours for the current and future peak load demand,” the SPDC said in an official document submitted to the Environmental Management Bureau of the Department of Environment and Natural Resources (DENR).
Construction of the hydropower plant will take four years and will generate electricity through a reversible pump-turbine system, which will function daily.
The building of the structure will commence in the first quarter of 2022. However, construction will only begin once SPDC acquires all necessary permits including the environmental compliance certificate for the plan.
Besides this project, SPDC will also set up 10 solar power plants across the country and will construct a 1,300-MW liquified natural gas (LNG) combined cycle plant in Batangas City and selected areas in Visayas and Mindanao, which will boost rural electrification in the Philippines
President Ramon Ang said the move to build these facilities is part of SMC’s long-term plan of transitioning to cleaner and more sustainable energy sources.
“We’re executing our plans to move away from building new coal facilities despite new technologies that make them cleaner. It’s a company direction that is in line with all the major sustainability initiatives we have undertaken these past couple of years,” he explained.
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Image credit: SMC’s Official Website