Angat Hydropower Corp., the joint venture of San Miguel Corp. and Korean Water Resources Corp., is embarking on a $50-million rehabilitation of the 218-megawatt Angat power plant in Norzagaray, Bulacan.
“We have studied to rehabilitate the power plant and including the overhauling of the power plant,” Angat Hydro president and chief executive Geung Jeon Han told reporters.
The power plant upgrade is expected to increase the efficiency of the power plant. “Yes, next year we will start it,” Han said.
The Angat hydro power plant consists of four main units, each with a 50-MW capacity. The units were commissioned between 1967 and 1968.
To augment its operation, the plant uses five auxiliary units with a total capacity of 46 MW. The 18-MW auxiliary units 1, 2 and 3 are part of the sale to Angat Hydro when it was privatized while the 28-MW auxiliary units 4 and 5 are owned by the Metropolitan Waterworks and Sewerage System.
Han said Angra Hydro was now preparing the financing aspect of the power plant upgrade.