Repower Energy Development Corp. said Monday it successfully commissioned its 5.8-megawatt Tibag run-of-river hydropower plant in Mauban, Quezon.
“We are pleased to mark the successful commissioning of our newest hydropower plant as this is another milestone for us in expanding our footprint in the renewable energy sector,” REDC president Eric Peter Roxas said.
“The Tibag hydropower plant will be a key asset in our goal towards uplifting the living standards of rural and under electrified communities through clean, renewable energy,” he said.
REDC expects the new hydro facility to contribute P215 million in earnings before interest, depreciation and amortization annually.
The company said the plant was expected to be a significant driver to REDC’s year-on-year growth in net income for the year.
The Tibag hydropower plant’s annual energy generation will be over 40 gigawatt-hours, equivalent to the generation of a 40-MW solar farm or a 20-MW wind farm.
Meanwhile, REDC said it ensured that the 15-kilometer access roads and a bridge it built for the Tibag hydropower plant would be used by the indigenous communities living in the area.
This will help the Dumagat tribe bring copra, fruits and livestock to the market. They can also bring their children to school safely compared to crossing the river by raft.
“Our commitment to sustainability is not just about clean energy nor limiting the possible adverse impact of our operations to stakeholders. It also extends to ensuring that communities will get to benefit from the farm to market roads we have built,” Roxas said.
The facility is the seventh hydro project of REDC. It will be followed by the 1.4-MW Lower Labayat plant, which will come online as soon as transmission operator National Grid Corp. of the Philippines energizes the transmission line from the powerhouse in the next few weeks.
