San Miguel unit eyes hydro project in Tarlac

Strategic Power Development Corp., a unit of conglomerate San Miguel Corp., has sought a service contract with the government to develop a planned 500-megawatt Bulsa pumped storage hydro project in Tarlac province, documents from the Energy Department show.

The company also has a pending application to build a combined 310-MW hydro power project in Apayao in the Cordilleria Administrative Region. This includes the 300-MW Pudtol 1 and the 10-MW Pudtol 2 hydro projects.

A separate project is the 10-MW Cupis run-of-river also in Apayao.

Strategic Power earlier expressed interest in the development of the San Roque Upper East Pumped Storage hydropower project with a capacity of 600 MW and the 400-MW San Roque Upper West Pumped Storage.

It is looking at the San Roque Optimization Hydropower project in San Manuel, Pangasinan with a capacity of 400 MW.

Also included in the list of planned hydro projects of Strategic Power is the 200-MW pumped storage hydro in Aklan and a similar 500-MW facility in Aurora province.

Strategic Power is the independent power producer administrator of the 345-MW San Roque hydro project in San Manuel, Pangasinan.

It trades the electricity output of the San Roque hydro facility, while San Roque Power Corp., the joint venture of Marubeni Corp. and Kansai Electric Power Co. Ltd., is responsible for the operations and maintenance of the power-generating facility.

The San Roque hydro plant, designed as a build-operate-transfer project, holds a 25-year power purchase agreement with National Power Corp.

San Miguel won the right to manage the supply contract of the San Roque plant in 2009 with a $450-million bid.

It holds a 60 percent stake in the 218-MW Angat hydro power plant in Bulacan.

Topics: Strategic Power Development Corp. , San Miguel Corp. , hydro project , Tarlac
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