The Alsons Power Group (APG) said it plans to invest P4 billion to construct the 34.8-megawatt Bago 3 hydro power project in Negros Occidental province.
Alsons Energy Development Corp. (AEDC), the business development vehicle for new power generation and other power related projects for APG, submitted documents to the Department of Environment and Natural Resources for Bago Hydro Resources Corp. (BHRC), the special project vehicle organized by APG to explore and develop potential run-of-river hydropower projects in Negros Occidental.
Alsons Consolidated Resources Corp. (ACR), the parent company of the AEDC and the BHRC, have been investing in the power business mostly in Mindanao.
“The ACR is now extending its power project portfolio in Visayas Region with two currently on-going project developments. The AEDC, BHRC, and its affiliates in the APG are committed to continue contributing to the growth in Visayas and Mindanao by providing power generation to help spur and sustain economic growth, employing best practices to ensure safe, reliable and efficient plant operations that benefit these regions, and working with the community for sustainable development,” AEDC said.
The proposed Bago 3 hydro project will be built in Barangay Minoyan in Murcia town and Barangay Pandanon in Don Salvador Benedicto town.
The project will have an installed capacity of 34.8 MW, with plant factor of 54.45 percent, translating into an average annual energy production of 161.5 GWh.
It is expected to provide dedicated and reliable renewable energy supply and envisions lower electricity cost for the province of Negros Occidental and Negros Island consumers.
The project will require 500 workers during the 30-month construction period and 20 workers during operation. The project is designed to have an economic lifespan of least 50 years.