• March 9, 2017 - WWF teams up with Pure Energy

    The World Wide Fund for Nature Philippines teamed up with Pure Energy Holdings Corp. to deploy renewable energy projects, specifically run-of-river hydropower facilities in the country.

    These projects will not only reduce the country’s dependence on fossil fuel, but will be an institutional investment in conserving the few remaining Philippine rainforests and virgin watershed areas, the two groups said.

    "The attainment of the country’s sustainable development is founded on multi-sectoral partnerships. The collaboration between Pure Energy and WWF-Philippines promotes renewable energy and sustainable water supply, which will help transform the lives of local communities while taking care of the environment," said WWF-Philippines president and chief executive Joel Palma.

    PEHC chairman and chief executive Dexter Tiu said: "We are excited to work together with WWF-Philippines as our advocacy to provide every Filipino with clean renewable energy and sustainable water supply coincides with WWF’s mission."


  • March 8, 2017 - Pure Energy, WWF-Philippines Team Up to Promote Hydropower

    World Wide Fund for Nature (WWF) Philippines has partnered with PURE ENERGY Holdings Corp. to identify areas in the country where they can deploy renewable energy projects with focus on run-of-river hydropower.

    “We are excited to work together with WWF-Philippines as our advocacy to provide every Filipino with clean renewable energy and sustainable water supply coincides with WWF’s mission,” said Dexter Y. Tiu, Pure Energy chairman and chief executive officer, in a statement on Tuesday.

    Pure Energy said the projects would not only cut the country’s dependence on fossil fuels, but would become “institutional investment” in conserving the country’s remaining rainforests and virgin watershed areas.

    “The collaboration between Pure Energy and WWF-Philippines promotes renewable energy and sustainable water supply, which will help transform the lives of local communities while taking care of the environment,” said Joel Palma, president and chief executive officer of WWF-Philippines.

    Mr. Tiu said his company’s core value demands the preservation of the natural watershed environment to sustain energy and water resources while guaranteeing the viability of projects for the next hundred years.

    He said the company’s three operating run-of-river hydropower plants, which are 90 years old, are proof of its priority and commitment to its stakeholders.

    Under the partnership, WWF-Philippines and Pure Energy will handle a campaign called “Seize the Flow” in identifying areas where run-of-river hydropower can be used. The drive also aims to promote awareness of the advantages of hydropower and watershed preservation.

    The campaign builds on WWF’s global platform launched in June 2013, which calls on financial institutions “to significantly increase their funding of renewable energy and cut fossil fuel funding.”

    Reference:
    Saulon, V. V. (March 8, 2017). Pure Energy, WWF-Philippines team up to promote hydropower. Business World. Retrieved from http://www.bworldonline.com/content.php?section=Corporate&title=pure-energy-wwf-philippines-team-up-to-promote-hydropower&id=141832


  • February 22, 2017 - Market Edge on ANC with Pure Energy President and COO Gary Espino

    The push for renewables turns up a notch as demand for renewable energy picks up. Pure Energy, a renewable energy company is slated to IPO 1st half of this year. Pure Energy President, Gary Espino joins Cathy Yang on ANC's Market Edge.

    * All copyright claims to this video are reserved to ANC.


  • February 15, 2017 - Starting Gate on Bloomberg Philippines with Pure Energy's President and COO Gary Espino

    * All copyright claims to this video are reserved to Bloomberg Philippines.
    * Visit this link for the full video.


  • February 6, 2017 - Pure Energy eyes 500 MW in 5 years

    MANILA, Philippines - Pure Energy Holdings Corp. is eyeing more investments in the renewable energy sector – apart from hydropower ventures – as it looks to have a 500 megawatts (MW) of total capacity in five years, company officials said.

    Pure Energy is looking at forming a basket of renewable energy projects such as wind, solar and biomass to expand its portfolio after it lists in the local bourse, company president and chief operating officer Gary Espino said in an interview.

    "The opportunity to hit 500 MW is not far fetch over a five-year period," he said.

    The company is currently in talks with other developers for possible partnerships, Espino said.

    "We’re always prospecting. We’re very opportunistic apart from 153 MW (in the pipeline), we continue to stay in the market and look for other opportunities. Right now, though I cannot discuss them further, (we’re under) exploratory discussions with other parties, also in renewable," he said.

    Incorporated in 2013, the company is working on a total capacity of 153 MW composed of several hydropower projects and one geothermal facility through its subsidiaries Repower Energy Development Corp. and Pure Geothermal Inc.

    Pure Energy has filed an application with the Securities and Exchange Commission to sell 930 million common shares – with an option to sell 46.5 million shares more – at P1.62 per piece, looking to raise P1.5 billion.

    It is looking to conduct its initial public offering within the first half of the year.

    Proceeds will be used for the development of hydropower projects, Pure Energy chief executive officer Dexter Tiu said.

    For other renewable energy projects, the company sees viability in investing in solar projects even without the Feed-in Tariff (FIT) scheme due to plunging prices and short-term development it takes to complete, Espino said.

    FIT is a set of incentives given to renewable energy developers for 20 years. However, the current administration is not keen on expanding the FIT scheme into another round.

    "For solar farms, you can easily build 100-MW facilities because it only takes six months," he said. "Opportunity for a viable project is very good because solar prices have gone down and they continue to go down."

    The company is also eyeing opportunities in wind projects even without FIT, Repower Energy president and COO Johnson Sanhi said in the same interview.

    "Yes, we’re looking into wind even without FIT. We can do PSA (power supply agreements) with a local DU (distribution utility)," he said.


  • February 6, 2017 - Pure Energy allots P7.2B for 9 projects with Meralco

    PURE ENERGY Holdings Corp. expects to spend P7.2 billion for the nine mini-hydroelectric power projects it is undertaking in partnership with the country’s largest distribution utility Manila Electric Co. (Meralco), company officials said.

    "We financially closed already with the first two projects [with Meralco]. We have lenders," Gary M. Espino, Pure Energy president and chief operating officer, said on Friday.

    The funding for the projects will be 75% debt financing and 25% internally generated funds, he added.

    Pure Energy owns 50% plus one share of the joint venture, named Pure Meridian Hydropower Corp., while Meralco holds the rest. Equity for the projects will have the same structure, Mr. Espino said.

    "[There are a] total of nine projects under our venture. We have broken ground on one in Bukidnon for 10.6 megawatts (MW) and construction will start soon," he said. "We are breaking ground this month for the second project with Meralco, that’s in Quezon, for 3 MW."

    The run-of-river hydro power plant in Pulanai River, Bukidnon is expected to generate more than 74 gigawatt-hours annually.

    "The timeline here is 24 months so we’re looking at mid to last half of 2019, where we expect that to be full commercial operation," he said. "We’re availing of the feed-in-tariff [for all the projects]."

    The Energy department has a set a quota of 250 MW for mini-hydroelectric power projects, of which Mr. Espino estimates around 206 MW have been taken up. Projects that qualify for the feed-in-tariff (FiT) are guaranteed to receive P5.90 for each kilowatt-hour they export to the grid.

    "We believe that we will meet those targets. We’re very aggressive with our projects," he said.

    Aside from the Meralco partnership, Pure Energy is also jointly developing a P620-million hydro power plant with the group that owns food and fishing conglomerate Frabelle Corp.

    The 3-MW facility -- which will be 60% owned by Pure Energy -- will be built in the upper cascade of the Labayat River, while a power station will be built in Barangay Maragondon, in Real town, Quezon province.

    Mr. Espino said Pure Energy’s existing and planned projects, under subsidiary Repower Energy Development Corp., have a total capacity of 153 MW, of which 123-125 MW will come from hydro energy.

    The company also owns a "brownfield" geothermal field, or an existing asset that can be upgraded, in Southern Leyte.

    Of these projects, only three are already exporting power to consumers -- the three hydro power facilities of Philippine Power and Development Co., which Pure Energy bought in November 2015. The plants in Laguna sell their output to Meralco.

    "Those are the Laguna plants -- the 90-year-old plants. Two of them are being rehabilitated at the moment so that we can double the capacity," said Dexter Y. Tiu, Pure Energy chief executive officer.

    "As of now, we have a PSA [power supply agreement] with Meralco. That’s still two more years. [After that] we can negotiate with Meralco if they can give us at least somewhere near the FiT (feed-in-tariff) rate," he said.

    Victor Lee, Pure Energy chief financial officer, said the Laguna plants have a capacity of "slightly over 1 MW but after the upgrade, almost 2 MW." By the end of March, the plants will be in the commissioning phase. The rehabilitation cost is pegged at P330 million.

    Mr. Tiu said that as a "rule of thumb" each megawatt of capacity would cost around $400-$450 million to build.

    Pure Energy last week disclosed plans to sell shares via a P1.5-billion initial public offering. The company targets the listing in the first half of 2017 for 930 million common shares, plus an option to sell an additional 46.5 million, at a maximum indicative listing price of P1.62 each share.


  • December 20, 2016 - P1-B bulk water project kicks off


    THE groundbreaking for the P1.1-billion Bacolod Bulk Water Supply Project on a 2,500-square meter lot in Abada-Escay Road, Barangay Granada was held Monday for the start of the construction of water treatment plant.

    The groundbreaking rites was attended by personnel of Bacolod Bulk Water Inc. (BBWI), Bacolod City Water District (Baciwa) along with the city and barangay officials.

    Ryan Yapkianwee, chairman of BBWI, said that on September 15, 2016, they received a notice to proceed from Baciwa.

    He said the BBWI will start supplying potable water to Baciwa in the fourth quarter of 2017.

    "Our combined technologies will be soon be commercially ready to address Bacolod City’s bulk water needs and relieve pressure on Baciwa’s dwindling well water supply," Yapkianwee added.

    BBWI will use the Ngalan River in Barangay Granada as surface water source.

    The construction of the water system covers the water treatment plant with an initial capacity of 30,000 cubic meters per day for the two injection points, escalating to 150,000 cubic meters per day through a 20-kilometer long water supply pipeline directly connected to the reservoirs of Baciwa located at Barangays Granada and Mansilingan.

    Yapkianwee said the project will utilize at least six million cubic meters of water each year from BBWI’s surface water sources.

    He added that the project will provide immediate access to quality and affordable water to Bacolod residents for a healthier environment, improving sanitation and hygiene conditions.

    The bulk water project will provide water supply to Baciwa at a blended rate of P9.35 per cubic meter.

    "The 25-year bulk water supply contract signed on March 22, 2016 between Baciwa and a consortium led by Tubig Pilipinas Group Inc., Mactan Rock Industries, and TVG Builders Inc., formed a special purpose called BBWI to undertake this project," he added.

    Yapkianwee said they have complied with all the requirements and are securing permits to start the construction.

    He said at least four surface water sources will be utilized, including three rivers in Injection Point 1, and one river in Injection Point 2.

    The BBWI is using Baciwa’s water rights permit and after seven years, they will turn over the system to the Baciwa management for free.

    "Hopefully, with this project we will not only be able to supply water shortage, but will also be able to help the new applicants for the new developments in Bacolod," Yapkianwee said.

    Engineer Mario Macatangay, general manager of Baciwa, said the bulk water project will augment the shortage of water supply in the city. Macatangay admitted that Baciwa is short on water supply by an estimated five million liters per day.

    "The production of this facility (bulk water project) is 15 million liters per day so by October next year, we hope that we can serve our consumers better," he said.

    Macatangay said there are areas in Bacolod with only four to six hours of water supply.

    "This project has been long awaited and we will show to our critics that we are really keen on pursuing our objectives of providing potable water to all consumers of Baciwa," he added.


  • December 13, 2016 - Meralco-REDC partnership starts P2.7-B hydro project

    The team-up of Manila Electric Co. and Repower Energy Development Corp. have started works on the P2.7-billion hydropower project in Bukidnon. *Photo by Philstar Global


    MANILA, Philippines - The team-up of Manila Electric Co. (Meralco) and Repower Energy Development Corp. (REDC) have started works on the P2.7-billion hydropower project in Bukidnon.

    The partners recently held a ground breaking ceremony for the 10.6-megawatt (MW) run-of-river hydropower project in the Pulanai River.

    Pure Meridian Hydropower Corp. (PMHC), the joint venture company, will oversee and operate the hydropower project.

    "This will be PMHC's vanguard project in Mindanao and will serve as a platform to roll out more run-of-river projects in the near future. This is a legacy project that we are building for the benefit of the next generations to come." PMHC president and CEO Dexter Tiu said.

    During its construction phase, the project will employ more than 400 people.

    The project, expected to start commissioning by the first half of 2019, will generate millions of pesos in revenues for the local government units as part of their share based on the Renewable Energy Act.

    The Pulanai project is Meralco's first foray in renewable energy and in run-of-river mini-hydropower, manifesting its firm support for the development of the renewable energy sector, PMHC chairman and Meralco senior vice president Alfredo Panlilio said.

    "We are also glad to note that this initiative will provide the much needed additional capacity in the Mindanao grid through a stable, clean and reliable energy source," he said.

    For REDC, this is its third mini-hydropower groundbreaking for the year, and its first in Mindanao.

    The company has three operational run-of-river hydropower plants in Laguna that will see its capacities increase more than four-fold by next year.

    Meralco and REDC forged a partnership in December 2015 to build and develop mini-hydropower plants using run-of-river resources.


  • December 13, 2016 - P2.7-B hydropower project breaks ground in Bukidnon

    A hydropower project in Bukidnon that is targetted to generate over 74 gigawatt hours annually through a 10.6 megawatts (MW) run-of-river Hydropower plant in the Pulanai River broke ground on December 9.

    This joint project of the Manila Electric Co. (Meralco) and Pure Energy Holdings Corporation's subsidiary Repower Energy Development Corporation (REDC) will be built at a cost of P2.7 billion.

    Meralco and REDC have formed a joint venture company, Pure Meridian Hydropower Corporation (PMHC) to oversee and operate the Pulanai Hydropower Project located in Lumbayao, Valencia City, Bukidnon Province.

    The three hydropower plants that REDC is currently operating was built by the Americans and has been running for 90 years. PMHC officials said that once the the Pulanai hydropower plant becomes operational, it will be able to supply clean, sustainable, and renewable energy to the Mindanao Grid for the next 100 years.

    "This will be PMHC's vanguard project in Mindanao and will serve as a platform to roll out more run-of-river projects in the near future. This is a legacy project that we are building for the benefit of the next generations." PMHC President/CEO and Pure Energy Holdings Corporation Chairman and CEO Dexter Y. Tiu said.

    Construction will start soon and the hydropower plants will be commissioned by the first half of 2019. This project will also employ more than 400 people during its construction phase.

    Once energized, the power plant will also generate millions of pesos in revenues for the local government units as part of its share based on the Renewable Energy Act.

    "Our investment in Pulanai Mini Hydro is a manifestation of our firm support for the development of the renewable energy sector. We are also glad to note that this initiative will provide the much needed additional capacity in the Mindanao grid through a stable, clean and reliable energy source," PMHC Chairman and Meralco Senior Vice President Alfredo S. Panlilio said.

    REDC was established in 2013 to address the country's need for additional investments in the renewable energy sector. Its goal was to build and operate more low impact run-of-river hydropower plants all over the country.

    Meralco is the largest electric distribution company in the Philippines covering 36 cities and 75 municipalities, including Metro Manila. It's franchise area of over 9,337 kms covers the core of the country's industrial, commercial, and population centers serving more than 6 million customers by the end of 2015. It has a market capitalization of US$7.7 billion.

    The Pulanai Mini Hydropower Projectis the first of several PMHC projects to begin construction.This is Meralco's first foray into renewable energy and in run-of-river mini hydropower.

    This is its third mini hydropower plant that REDC broke ground this year, and its first in Mindanao.The company has 3 operational run-of-river hydropower plants in Laguna that will see its capacities increase by more than four-fold next year.

    The ground breaking ceremony was graced by President Rodrigo Duterte, Energy Secretary Alfonso Cusi, and Mayor Azucena Huervas of Valencia City.


  • December 13, 2016 - PMHC targets commissioning of Pulanai hydropower plant by 2019

    MANILA ELECTRIC Co. (Meralco) and its partner Repower Energy Development Corp. target the first half of 2019 as the start of the commissioning phase of the 10.6-megawatt (MW) run-of-river hydropower plant they are jointly building in Pulanai River, Bukidnon.

    In a statement, Dexter Y. Tiu, president and chief executive officer of the joint venture company Pure Meridian Hydropower Corp. (PMHC), the P2.7-billion plant is the company's "vanguard project" in Mindanao. It will also serve as a platform to roll out more run-of-river projects, he added.

    "This is a legacy project that we are building for the benefit of the next generations to come," said Mr. Tiu, who is also chairman and chief executive of Pure Energy Holdings Corp., the parent firm of Repower.

    The project in Lumbayao, Valencia City in Bukidnon province will employ around 400 people during the construction phase. It is expected to generate more than 74 gigawatt-hours annually from the renewable energy source. It recently broke ground in ceremonies attended by President Rodrigo R. Duterte and Energy Secretary Alfonso G. Cusi.

    PMHC Chairman Alfredo S. Panlilio said the project "is a manifestation of our firm support for the development of the renewable energy sector."

    "We are also glad to note that this initiative will provide the much needed additional capacity in the Mindanao grid through a stable, clean and reliable energy source," said Mr. Panlilio, who is also Meralco senior vice-president.

    Repower has three hydropower plants, which were built by the Americans, are 90 years old and still running, PMHC said. Once operational, the Pulanai hydropower plant will be able to supply clean, sustainable and renewable energy to the Mindanao grid for the next 100 years, it added.

    The Pulanai plant is the first of several PMHC's projects to begin construction. It is Repower's third mini-hydropower groundbreaking for the year, and its first in Mindanao.

    Meralco is the country's largest electric distribution company. It serves more than 6 million customers in 75 towns and 36 cities, including Metro Manila. The project is Meralco's first venture in run-of-river mini hydropower.

    Meralco's controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls.


  • December 10, 2016 - Duterte to NPA: Stop attacks on energy, communication facilities

    President Rodrigo Roa Duterte delivers his keynote address during the groundbreaking ceremony of the Pulanai 10.6MW Hydroelectric Power plant in Barangay Lumbayao, Valencia City, Bukidnon on December 9, 2016. KIWI BULACLAC/Presidential Photo. *Photo by Inquirer.net


    President Rodrigo Duterte has asked the New People's Army (NPA) to stop attacking and damaging energy and communication facilities, citing their propensity to burn equipment of companies who refuse to pay revolutionary tax.

    "Ang style kasi ng NPA, pag hindi niyo naibigay, sunugin (NPA's style is if they don't get what they want, they'll burn [the facility]). Hoy. Makinig kayo ha. Huwag ninyong pakialaman 'yung sa tao (Hey! Listen. Don't mess with the [facilities] for the people). Energy, communication, everything. Lay off, lay off," Duterte during the inauguration of the 10.6-megawatt Pulanai hydroelectric power plant in Bukidnon.

    The NPA, the armed wing of the Communist Party of the Philippines (CPP) has bombed and torched different facilities in the country as retaliation to firms who do not pay revolutionary tax.

    "May I ask the New People's Army, 'wag niyo itong hingian kasi pag nagkuha kayo ng pera sa kanila, itong mga 'to mag-plano naman kung paano pataasan nila 'yung electric," he said. (May I ask the NPA, don't ask for money, because once you get money from them, these [firms] will plan on increasing fees for electricity.)


    President Rody Duterte leads the groundbreaking ceremony of the Pulanai 10.6MW Hydroelectric Power plant in Barangay Lumbayao, Valencia City, Bukidnon on December 9, 2016. KIWI BULACLAC/Presidential Photo


    The Philippine government and the communist rebel are currently on a ceasefire agreement as both sides pursue the peace talks.

    The National Democratic Front (NDF) has demanded the release of over a hundred political prisoners but Duterte has rejected their demand. The President said he wanted the both parties to sign an indefinite bilateral ceasefire.

    "You're asking or demanding the release of 120 political prisoners. I denied it. I declined to do it because I have given so much too soon. Sabi ko sa kanila (I told them), produce to me a document which is that you have agreed to an indefinite ceasefire," Duterte said.

    Political prisoners, NDF consultants and human rights advocates are on a hunger strike to demand from Duterte the release of political prisoners.



  • December 9, 2016 - President Duterte Leads Groundbreaking of 10.6MW Pulanai Hydroelectric Power Plant

    * Video courtesy of GMA News

    On December 9, 2016 President Rodrigo Duterte led the groundbreaking Pure Meridian Hydropower Corporation's Pulanai10.6 Megawatt Hydropower Plant located in Valencia City, Bukidnon. The Plant will be operational by the first quarter of 2018 and will be supplying clean, renewable energy to the Mindanao Grid.



  • December 9, 2016 - HAPPENING NOW: President Rodrigo Duterte speaks at the groundbreaking ceremony of the Pulanai Hydroelectric Power Plant in Valencia, Bukidnon. www.cnn.ph


    Highlights:
    - Duterte: I declined further release of political prisoners
    - Duterte questions source of $10 billion "green fund"
    - Duterte: Big nations have undue advantage in climate deal
    - Duterte criticizes absence of sanctions in climate treaty
    - Duterte: No sanctions in climate treaty
    - Duterte discusses climate change


  • December 2, 2016 - Tubig Pilipinas to start projects in Negros Occidental, Isabela by year-end



  • December 1, 2016 - Tubig Pilipinas to start projects

    Tubig Pilipinas Group Inc., a subsidiary of Pure Energy Holdings Corp., said it is set to begin operations in Bacolod City and Cadiz City, both in Negros Occidental and Echague town in Isabela before the end of the year.

    Tubig Pilipinas president and chief operations officer Ryan Yapkianwee said the projects would improve sanitation and provide access to clean potable water in the areas, making the LGUs compliant to the Clean Water Act of 2004.

    He said for the Bacolod City project, a notice to proceed was issued by the Bacolod City Water District to the Bacolod Bulk Water Inc., which is led by Tubig Pilipinas.

    In Cadiz City, Tubig Pilipinas will own, operate and maintain a bulk water supply project which will serve 3,500 households. Tubig Pilipinas said that in Echague, the company was granted the franchise and authority to construct, operate, manage and maintain a water, sewage and septic utility system.



  • May 24, 2016 - RE firm to government: Prioritize mini-hydropower projects

    A renewable-energy (RE) developer on Tuesday said government investment policies should prioritize the development and construction of mini-hydropower projects, which, it said, are the most environment-friendly energy sources.

    "We believe that there is a need to give greater importance and priority to small-scale hydropower projects. Energy producers share a common commitment to the potential and the need for rapid growth in the development of clean, efficient and low-risk energy solutions," Victor Lee, Repower Energy Development Corp. (REDC) CFO, said.

    Noting that the small hydropower sector is primarily driven by private investment, Lee highlighted the potential of mini-hydropower, and the steps should be taken to attract more investments in the small hydropower sector from public investors.

    "With today's improvements in technology, we can easily foresee turbines lasting for 100 years," Lee said.

    He added that financing mini-hydropower projects normally entails 70 percent to 80 percent in debt and 20 percent to 30 percent through equity; while there is also nonrecourse project financing available through government-owned-and-controlled banks, where a grace period on principal repayments during construction period is given.

    His company, REDC, a subsidiary of Pure Energy Holdings Corp., has already broken ground on three mini-hydropower projects, one of which is the recently acquired oldest operating mini-hydropower plant of Philippine Power and Development Co. that stood since 1927. REDC's upgrade is expected to have a 200-percent increase in nameplate power capacity and an 800-percent increase in the energy-generation output.

    "Our run-of-river mini-hydro development projects all have service contracts with the Department of Energy [DOE] for 25 years, which may be extended for another 25 years. This could potentially last for 50 years, which is very attractive for investment," he added.

    Lee further noted that the incentive scheme for the sector is more attractive involving single-window clearances for such projects, including sites, clearances, survey and investigation of such projects to interested developers.

    However, he also noted that the development of small hydropower infrastructure in the country has been less than satisfactory, and that there's a need to expedite huge untapped potential of the infrastructure at a faster pace to meet the unmet energy demands of the country, as well as to balance clean energy with fossil fuel- generated energy.

    "Our small-scale infrastructure investment in the country is not enough. REDC has strong project management, engineering and construction capabilities, and we can deploy capital rapidly to deliver high-quality mini-hydro assets to support the sustainable development of the country. We're ready to provide this technology to the public," Lee said.

    Some sectors are showing signs of interest in small hydropower investments, he added, due to a feed-in tariff system and the government's desire to cultivate its renewable sector and achieve its commitment in the 2015 United Nations Climate Change Conference.


  • May 24, 2016 - Expert sees great PH potential in mini-hydro development

    A finance expert in clean energy generation said the Philippines had great investment potential in mini-hydroelectric power projects and has called for more support and investments in renewable energy projects.

    At the 3rd Annual Power & Electricity World Philippines Conference, Victor Lee, CFO of Repower Energy Development Corp. (REDC), called on fellow investors to give priority to mini-hydropower projects.

    Investors are showing signs of more interest in small hydropower investments in the country, Lee said, due to a feed-in tariff (FIT) system and the government's desire to cultivate its renewable sector and achieve its commitment in the 2015 United Nations Climate Change Conference or COP21.

    In July 2012, the ERC approved FIT rates for run-of-river hydro (P5.90 per kilowatt-hour or kWh) for an installation target of 250 megawatts (MW), biomass (P6.63/kWh) for 250 MW, solar (P9.68/kWh) for 50 MW and wind (P8.53/kWh) for 200 MW.

    His company, REDC, a subsidiary of Pure Energy Holdings Corp., has broken ground on three mini-hydropower projects, one of which is the recently acquired oldest operating mini hydropower plant of Philippine Power & Development Co. (Philpodeco) that has stood since 1927. REDC's upgrade is expected to result in a 200-percent increase in nominal power capacity and 800-percent increase in the energy generation output.

    "Our run of river mini hydro development projects all have service contracts with the Department of Energy (DOE) for 25 years which may be extended for another 25 years. This could potentially last for 50 years which is very attractive for investment," he said.

    Lee said the incentive scheme for the sector was more attractive, involving single window clearances for such projects including sites, clearances, survey, and investigation of such projects to interested developers.


  • May 24, 2016 - PH URGED TO INVEST IN MINI HYDRO

    Renewable energy developer Repower Energy Development Corp. (REDC) said the country can get more investments in mini-hydropower projects if the government partners with the private sector to boost interest in this power source.

    "We believe there is a need to give greater importance and priority to small-scale hydropower projects… With today's improvements in technology, we can easily foresee turbines lasting for 100 years," said Victor Lee, chief financial officer of REDC.

    Lee added since the Philippines has lots of water resources, it should invest in renewables particularly in mini-hydropower projects, where current developments are primarily driven by the private sector, presenting an opportunity as well for public investors.

    "Financing mini-hydropower projects normally entail70 to 80 percent in debt and 20 to 30 percent through equity. There is also non-recourse project financing available through government-owned and-controlled banks where a grace period on principal repayments during construction period is given," Lee said.

    Based on industry standards, the cost of developing small-scale hydro project is at P4 million per megawatt (MW).

    "Our run of river mini-hydro development projects all have service contracts with the Department of Energy (DOE) for 25 years which may be extended for another 25 years. This could potentially last for 50 years which is very attractive for investment," Lee said.

    The company also commended government's feed-in-tariff incentive scheme, which alsoinvolves single window clearances for sites and clearances, survey and investigation of renewable energy projects for interested developers.

    At present, aside from priority dispatch in the electricity spot market, run-of-river hydroplants enjoy a fixed rate of P5.90 per kilowatt hour.


  • May 23, 2016 - Small-scale hydropower projects pushed

    SMALL hydroelectric power projects in the Philippines are viable investments for the private sector because of their long-term service contracts, but support is needed from regulators to hasten their development, an official of Repower Energy Development Corp. said.

    "Our run-of-river mini-hydro development projects all have service contracts with the Department of Energy (DoE) for 25 years which may be extended for another 25 years. This could potentially last for 50 years which is very attractive for investment," said Victor J. Lee, Repower's chief financial officer, in a statement.

    The extended contracts compares favorably against the long asset life of hydropower technology, with turbines lasting for a hundred years with the improvement in technology, he said.

    Financing mini-hydropower projects normally requires a 70%-80% in debt and 20%-30% equity, Mr. Lee said, adding that government financial institutions now offer non-recourse funding where a grace period on principal repayments is given during the construction period. Non-recourse loans are attractive for investors as the lender is entitled only to repayment from the profits of the project that the loan is funding.

    But Mr. Lee said the development of small hydropower infrastructure had been "less than satisfactory," adding that there was a need to tap its potential sooner, to fulfill unmet energy demands while striking a balance between clean energy and fossil fuel-generated energy.

    "We believe that there is a need to give greater importance and priority to small-scale hydropower projects. Energy producers share a common commitment to the potential and the need for rapid growth in the development of clean, efficient, and low-risk energy solutions," he said.

    Mr. Lee said an incentive scheme for the sector would be more attractive for interested developers with single-window clearances for the various phases of the project.

    Repower, a subsidiary of Pure Energy Holdings Corp., has broken ground on three mini-hydropower projects, one of which was recently acquired from Philippine Power and Development Co. The mini-hydropower plant is said to be the country's oldest operating facility, dating back to 1927.

    After an upgrade, the plant is expected to have a 200% increase in nameplate power capacity and an 800% increase in the energy generation output, the company said.


  • May 23, 2016 - REDC, Repower urges more investment in mini-hydropower

    MINI-HYDROPOWER projects must have priority in terms of investment support to meet the country's need for clean power, according to Repower Energy Development Corp. (REDC).

    "We believe that there is a need to give greater importance and priority to small-scale hydropower projects. Energy producers share a common commitment to the potential and the need for rapid growth in the development of clean, efficient, and low-risk energy solutions," Victor Lee, chief financial officer of REDC said.

    The statement comes on the heels of plans by the Department of Energy (DOE) plan to legislate a fuel mix-policy and set aside current incentives in favor of the development of renewable energy source under Republic Act (RA) 9513 or the Renewable Energy Act of 2008.

    Because the Philippines is blessed with water resources, Lee said Filipinos should maximize and invest in renewables since there is a sustainable and long-term development potential in mini-hydropower projects.

    "With today's improvements in technology, we can easily foresee turbines lasting for 100 years," said Lee, noting the long-term asset life of hydropower technology.

    Financing mini-hydropower projects normally entails 70 to 80 percent debt and 20-30 percent equity. There is also project financing available through government-owned and -controlled banks, with a grace period on principal repayments during the construction stage.

    REDC, a subsidiary of Pure Energy Holdings Corporation, has broken ground for three mini-hydropower projects, one of which is the oldest operating facility of the Philippine Power & Development Company (Philpodeco) that started in 1927.

    "Our run-of-river mini-hydro development projects… have service contracts with the DOE for 25 years, which may be extended for another 25 years. This could potentially last for 50 years which is . . . attractive for investment," Lee noted.

    The incentive scheme for the sector involves single-window clearances for sites, clearing, survey, and due diligence.

    However, Lee noted the development of small hydropower infrastructure has been less than satisfactory. There's a need to hasten the development of untapped potential for the power infrastructure to meet the demand and to create a balance between clean energy and fossil fuel power plants.

    "Our small-scale infrastructure investment in the country is not enough. REDC has strong project management, engineering, and construction capabilities and we can deploy capital rapidly to deliver high-quality mini-hydro assets to support the sustainable development of the country. We're ready to provide this technology to the public," said Lee.

    Some sectors are getting interested in investment in small hydropower due to the feed-in tariff (FIT) system and the government's desire to cultivate its renewable sector and achieve its commitment in the 2015 United Nations Climate Change Conference or COP21, Lee added.


  • May 10, 2016 - REDC set to build hydro plant in Labayat, Quezon

    THE Repower Energy Development Corp. (REDC), the mini hydropower business of local investment holding company Pure Energy Holdings Corp. (PEHC), broke ground for a run-of-river hydropower-plant project in Upper Labayat, Quezon Province. The hydro facility will be built in the upper cascade of the Labayat River, while the power station itself will be built at Barangay Maragondon, Municipality of Real, Quezon.

    With an installed capacity of 3 megawatts (MW), the power plant will generate over 16 gigawatt (GWh) of clean and renewable energy annually, which is equivalent to the consumption of around 20,000 households. This makes the Upper Labayat mini hydropower plant one of the most efficient power plants constructed by REDC.

    The high-pressure hydropower plant station will use water from the Upper Labayat river stream and produce power for the local community. The plant is scheduled to begin its operations in the fourth quarter of 2018, after a construction period of about two years.

    Upon completion, the power plant is expected to last for 100 years and will be the first mini hydropower project in Quezon province. REDC currently has five more mini-hydropower projects in Quezon alone that are in the pipeline, and will break ground on its second Quezon project next month.

    "This is one of the projects that we're building to benefit the local community as we will provide clean, reliable, and sustainable energy. This project will directly address the province's overdependence on coal power plants as its primary energy source," said Dexter Y. Tiu, REDC chief executive. The Upper Labayat hydropower plant's renewable-power output through a 2.5-kilometer transmission line is expected to qualify for Feed-in-Tariff (FiT) incentives and get dispatched in the electricity spot market at P5.90 per kilowatt hour (Kwh) under the FiT rate for hydro power.

    The hydro project is in partnership with Frabelle and TSP Marine Group, a giant food and fishing conglomerate that recently ventured into the renewables business through a consortium with Markham Resources to build mini hydroelectric plants covering Luzon and other areas in Mindanao.

    Frabelle Group's president Francisco Tiu Laurel said the project will not only provide power needs in the local community, but can, one day, supply their own factories and shipyards. "The hydropower project, once constructed, will generate more energy than our own factory requirements and, at the same time, stabilize the energy needs of the communities here," he said referring to the municipality of Real, Quezon, where the project is located.

    PEHC also makes strategic acquisition and investment in existing and new hydropower plants through renewable energy subsidiary Repower Energy Development Corp. (REDC)

    Its current projects include over 100 megawatts (MW) of mini-hydropower projects with a capital cost of over $400 million.

    REDC has recently acquired three of the Philippines' oldest operating plants, Philippine Power and Development Company which started in 1927.

    "We will continue to search for more viable mini-hydropower projects and develop more water systems, aiming to be a leader in the renewable energy industry and supporting the United Nations' Sustainable Development Goal 6 (SDG6)," Tiu said.

    PEHC also invests in community development and livelihood programs through implementation of its social responsibility and nonprofit initiatives.

    "We are also committed to the preservation of Philippine rain forests. We are coordinating with local authorities to ensure protection of our remaining rain forests from illegal loggers and are implementing tree planting activities," Tiu said.



  • May 10, 2016 - Hydro plant planned in Quezon

    REPOWER Energy Development Corp. has partnered with food and fishing conglomerate Frabelle and TSP Marine Group to embark on a 3-megawatt (MW) run-of-river mini-hydropower plant in Upper Labayat in Quezon province.

    "This is one of the projects that we're building to benefit the local community as we will provide clean, reliable, and sustainable energy. This project will directly address the province's overdependence on coal power plants as its primary energy source," said Repower Chief Executive Officer Dexter Y. Tiu in a press release on Monday.

    The high-pressure hydropower plant station will use water from the Upper Labayat stream and produce power for the community. Its construction period is expected to be about two years. It is set to begin operating in the fourth quarter of 2018.

    Frabelle President Francisco T. Laurel said the project would not only provide the power needs of the local community but could also supply its own factories and shipyards in the future.

    "The hydropower project, once constructed, will generate more energy than our own factory requirements and at the same time stabilize the energy needs of the communities here," he said about the project's location ­ -- the municipality of Real in Quezon.

    Frabelle recently ventured into the renewable energy business via a consortium with Markham Resources Corp. to build mini-hydroelectric plants that are expected to cater to consumers in Luzon and areas in Mindanao.

    The mini-hydro facility will be built in the upper cascade of the Labayat River, while the power station will be in Barangay Maragondon in Real. The company said the plant's installed capacity would generate 16 gigawatt-hours of clean and renewable energy yearly and could supply the power needs of 20,000 households. It described the project as one of its "most efficient" power plants.

    The company is looking to qualify under the country's feed-in-tariff scheme and get dispatched in the electricity spot market with a rate of P5.90 per kilowatt-hour. The plant's output is seen to reach the market through a 2.5-kilometer transmission line.

    "Environmental mitigation measures such as revitalization of river banks, preservation of grassland along the river and other steps to ensure environmental sustainability around the domain will be taken into account in the construction of the power plant," Mr. Tiu said.

    Repower expects the facility to last for a hundred years. It has five other mini-hydropower projects in the pipeline in Quezon, one of which is scheduled to break ground next month.


  • May 10, 2016 - REDC, Frabelle break ground on Labayat mini-hydro plant

    Repower Energy Development Corp. (REDC) broke ground for a run-of-river hydropower plant project in Upper Labayat, Quezon Province in partnership with the Frabelle and TSP Marine Group, a giant food and fishing conglomerate which recently ventured into the renewables business through a consortium with Markham Resources to build mini hydroelectric plants that will cover Luzon and other areas in Mindanao.

    REDC is the mini hydropower business of local investment holding company Pure Energy Holdings Corporation (PEHC).

    "This is one of the projects that we're building to benefit the local community as we will provide clean, reliable, and sustainable energy. This project will directly address the province's overdependence on coal power plants as its primary energy source," REDC chief executive Dexter Y. Tiu said.

    The high-pressure hydropower plant station will use water from the Upper Labayat River and produce power for the local community. The plant is scheduled to begin operations in the fourth quarter of 2018, after a construction period of about two years.

    Frabelle Group's president, Francisco Tiu Laurel, whose company just recently entered into the power industry business, said that the project will not only provide power needs in the local community but can one day supply their own factories and shipyards.

    "The hydropower project, once constructed, will generate more energy than our own factory requirements and at the same time stabilize the energy needs of the communities," he said.

    The hydro facility will be built in the upper cascade of the Labayat River, while the power station itself will be built at Barangay Maragondon, Municipality of Real, Quezon. With an installed capacity of 3 megawatts (MW), the power plant will generate over 16 gigawatt (GWh) of clean and renewable energy annually, which is equivalent to the consumption of about 20,000 households. This makes the Upper Labayat mini hydropower plant one of the most efficient power plants constructed by REDC.

    The Upper Labayat hydropower plant's renewable power output through a 2.5-kilometer transmission line is expected to qualify for Feed-in-Tariff (FiT) incentives and get dispatched in the electricity spot market at P5.90 per kilowatt-hour (kWh) under the FiT rate for hydropower.


  • May 10, 2016 - Repower, Frabelle break ground for 3-MW mini-hydropower plant

    Repower Energy Development Corp. and Frabelle and TSP Marine Group broke ground for a run-of-river hydropower plant project with a capacity of 3 megawatts MW, in Upper Labayat, Quezon Province.

    "This is one of the projects that we're building to benefit the local community as we will provide clean, reliable, and sustainable energy. This project will directly address the province's over-dependence on coal power plants as its primary energy source," Dexter Y. Tiu, CEO of REDC, said in a statement on Tuesday.

    The hydro facility will be constructed in the upper cascade of the Labayat River, while the power station will be built in Barangay Maragondon, Real, Quezon.

    "The hydropower project, once constructed, will generate more energy than our own factory requirements and at the same time stabilize the energy needs of the communities here," Francisco Tiu Laurel, president of Frabelle Group, said.

    The plant is expected to operate in the fourth quarter of 2018.

    "The power plant will generate over 16 gigawatts of clean and renewable energy annually, which is equivalent to the consumption of around 20,000 households," Repower and Frabelle Group noted.

    The renewable power output is expected to qualify for feed-in-tariff (FIT) incentives and get dispatched in the electricity spot market at P5.90 per kilowatt hour under the FIT rate for hydro power.

    FIT is an energy supply policy that promotes investment acceleration in renewable energy.

    Repower is the mini hydropower business of Pure Energy Holdings Corp.

    Frabelle and TSP Marine Group is a food and fishing company that diversified in renewable business.


  • April 18, 2016 - Pure Energy Holdings to build bulk water plants

    MANILA, Philippines - Local investment holding firm Pure Energy Holdings Corp. (PEHC) has committed to put up low-impact renewable energy and gravitational designed bulk water supply plants across the country to help mitigate water risks and meet the targets of the Philippines for sustainable development, especially in the midst of the El Niño phenomenon.

    PEHC CEO Dexter Tiu said the country lacks a cohesive and sustainable blueprint to overcome the looming threat of severe water shortage by 2040, according to a study by World Resources Institute (WRI).

    "We need to address today's water problems by investing in renewables and engaging in studies for water use especially at local and national levels," he said.

    Through its subsidiary, Tubig Pilipinas, PEHC provides clean and sustainable potable water supply across major cities and towns in Luzon, Visayas and Mindanao.

    It has several water systems and projects in development in Trece Martires, Sual, Labrador, Cadiz, Bacolod, several around the One Negros region and in Mindanao.

    The firm implemented run-of-river hydroelectric power plants as an alternative to traditional dam facilities to ensure lesser impact on freshwater dependency, carbon dioxide emission and aquatic ecosystem.

    "In servicing potable water and clean energy in the Philippines, our technology does not destroy waterways nor disrupt the natural flow of water," Tiu said.

    PEHC also makes strategic acquisition and investment in existing and new hydropower plants through renewable energy subsidiary Repower Energy Development Corp. (REDC)

    Its current projects include over 100 megawatts (MW) of mini-hydropower projects with a capital cost of over $400 million.

    REDC has recently acquired three of the Philippines' oldest operating plants, Philippine Power and Development Company which started in 1927.

    "We will continue to search for more viable mini-hydropower projects and develop more water systems, aiming to be a leader in the renewable energy industry and supporting the United Nations' Sustainable Development Goal 6 (SDG6)," Tiu said.

    PEHC also invests in community development and livelihood programs through implementation of its social responsibility and nonprofit initiatives.

    "We are also committed to the preservation of Philippine rain forests. We are coordinating with local authorities to ensure protection of our remaining rain forests from illegal loggers and are implementing tree planting activities," Tiu said.



  • April 6, 2016 - Power, water rates to go up this month

    * Video courtesy of ABS-CBN News

    Starting this month, Manila Water will impose an 11-centavo per cubic meter hike, while Maynilad has a 5-centavo adjustment. Meralco has also earlier announced a 22-centavo per kilowatt hour spike in April. - The World Tonight, ANC, April 6, 2016



  • April 6, 2016 - Meralco to increase power rates by P0.22/kWh

    Metro Manila (CNN Philippines) - In addition to higher water rates and LPG prices this April, power distributor Meralco announced on Wednesday (April 6) that power rates will increase by P0.22/kWh (per kilowatt-hour) this month.

    This means a typical household consuming 200 kWh can expect an additional P44 to their electricity bill.

    Meralco explained the hike was mainly driven by a P0.10/kWh-increase in generation charge and a higher Feed-in Tariff Allowance (FIT-All), a fee paid to renewable energy developers.

    According to Meralco, the increase in generation charge was caused by higher charges from the Wholesale Electricity Spot Market (WESM), which went up by P2.23/kWh. Peak demand in the Luzon Grid increased by more than 500 megawatts from February to March with the approach of summer.

    Meanwhile, the FIT-All will start to reflect a higher charge of P0.12/kWh beginning April, in compliance with the provisional approval issued by the Energy Regulatory Commission (ERC) last February.

    "Costs of energy sourced from the Power Supply Agreements (PSAs) and Independent Power Producers (IPPs) registered slight reductions of P0.02 and P0.01/kWh, respectively," Meralco said in a statement.

    "These reductions in the PSA and IPP charges were mainly due to the higher dispatch of a number of plants under them, along with the appreciation of the peso in March."

    Other bill adjustments this April include a slight increase of P0.01/kWh for the transmission charge and an increase of P0.03/kWh for taxes and other charges.

    Meralco reiterated that it does not earn from the pass-through charges, such as the generation and transmission charges, which go to power suppliers and to the National Grid Corporation of the Philippines (NGCP).

    The power distributor decreased rates in March because of a lower generation charge, and to a lesser extent, the lower cost of fuel.

    Power-saving tips
    Last month, Meralco spokesperson Joe Zaldariagga that power rates may go up this summer.

    The power distributor shared energy efficiency tips, since the summer season normally drives people to use more electricity:

    Unplug appliances that are not in use, as appliances in standby mode still consume electricity.
    Keep appliances clean and properly maintained to ensure they work efficiently - poorly maintained and dirty appliances consume more electricity.
    When buying new lights and appliances, it may be a good idea to consider the LED and inverter types. They might be more expensive, but they are more energy-efficient, and will ensure significant savings on electricity costs in the long run.



  • March 23, 2016 - P900M bulk water contract inked

    Officials of Bacolod City Water District and the consortium Mactan Rock Industries, Inc., TGV Builders Inc. and Tubig Pilipinas Group, Inc. signed a 25-year contract for the implementation of the approximately P900 million worth of bulk water supply project for Bacolod City last night.

    The signing held at the Baciwa Board room at about 8 p.m. yesterday in time with the observance of World Water Day, was witnessed by Baciwa chairman Ma. Aida Torre, Director David Villanueva, Assistant General Manager for Operations Genelyn Gemora, Baciwa Union president Claudio Salmo and Bacolod Mayor Monico Puentevella.

    The 25-year contract was signed by Baciwa general manager Mario Macatangay together with other principal signatories, Simplicio Belisario and his son, Conrado Belisario, president and corporate secretary of TGV Builder, respectively; Antonio Carmelo Tompar of Mactan Rock Industries and Ryan Wesley Yapkianwee of Tubig Pilipinas.

    Torre said that after the signing of the contract they will issue the consortium a notice to proceed so they can start the project already.

    She said the three companies will form a joint venture under a new name Bacolod Bulk Water, Inc. After they signed the deed of undertaking last month, the three companies have committed to come up with the registration of the joint venture company within three months or even sooner, and this incorporation is stipulated in their contract with Baciwa, she said.

    Torre said they expect day one of the delivery after 18 months following the issuance of the notice to proceed, which they expect to issue as soon as possible.

    She said they know that water supply in Bacolod is inadequate but they are looking forward to the start of the bulk water supply project and given a little time, they will be able to address the problem.

    Tompar of Mactan Rock Industries said they have 18 months to deliver water supply and they have already made representation with the National Water Resources Board insofar as their water rights permit is concerned.

    Tompar said they are the first bulk water supplier in the country and have long term experience in the business. They also hope to deliver better service in the implementation of the project, he said.

    The bulk water supply project requires the supplier to provide Baciwa with potable water sourced from springs or surface water only at a minimum volume of 10,000 cubic meters to a maximum of 15,000 cubic meters per day per injection point for the first year with increasing volume over the contract period.

    It has an Approved Budget Capital at a fixed price of P10 per cubic meter, equivalent to P54,750,000 for the first year for each injection point for 25 years.

    Macatangay said the bid price offered by the consortium for injection point 1 per cubic meter is P8.85 and P9.85 for injection point 2, which is below the ceiling of Baciwa.

    The two injection points are located at the ground reservoir in Hda. Loygoy, Brgy. Granada for injection point 1 with 9,842 cubic, he said.

    Meanwhile, Puentevella said he is very positive that the project of Baciwa will address the water problem in Bacolod. This will boost water supply and would be a big help in enticing investors to the city, he said.

    He congratulated Baciwa for the project and said that they are looking forward to a better water system in Bacolod City.

    Torre said that since they have already signed the contract, they can invite the Utilities Consumers Alliance of Negros and other interested parties to see all the documents since they want the public to understand what the project is all about.*CGS



  • March 12, 2016 - Investment in RE needed to meet carbon-reduction target–Repower

    THE Philippines need to invest in renewable energy (RE) to achieve its target to reduce its carbon footprint by 75 percent between 2020 and 2030.

    This was stressed by Repower Energy Development Corp. (REDC) CEO Dexter Y. Tiu as the company joins the celebration the World Sustainable Energy Day.

    REDC is an RE company utilizing breakthrough technologies for energy production, through hydropower that promote environmental sustainability.

    The Philippines, under its Intended Nationally Determined Contribution submission to the secretariat of the United Nation Framework Convention on Climate Change prior to the 21st session of the Conference of Parties (COP) held in Paris, France, last December promised to reduce carbon emission by 75 percent.

    Under COP21, 196 countries, including the Philippines, agreed on the goal to cut carbon emission, which will reduce global warming under 2° Celsius and build a carbon-free world economy in the second half of the century.

    Developed countries with existing RE plants have also committed to further investments in renewable technologies. The carbon-emission reduction target promised by the Philippines would come from the sectors of energy, transport, waste, forestry and industry.

    Environment Secretary Ramon J.P. Paje earlier said that the government is looking at the Green Climate Fund (GCF) as a vital source of support for the country to achieve its commitment.

    On the other hand, Environment Undersecretary Jonas R. Leones said massive reforestation and waste-to-energy projects are potential projects in which the government can apply for GCF funding.

    Expanding the forests and investing in waste-to-energy projects will enhance the country's carbon-emission capacity, while capturing methane to be converted into energy will reduce carbon emission, Leones said.

    To achieve its ambitious carbon emission-reduction target, Tiu said that the Philippines need more investments in RE projects.

    With the country's buoyant urban and economic growth, energy requirements grow at a rate that is difficult to fulfill, he said. REDC believes this can be addressed by increasing investments in RE to fill the gap and at the same time cut the country's carbon emissions.



  • February 22, 2016 - More RE investments needed for COP21 goals

    THE Philippines should continue to invest in renewable energy to meet the climate goals set out in the 2015 Paris Climate Conference (COP21) in which the country is a signatory.

    "We need more investments in renewable energy for the country to reach its carbon commitments," said Dexter Y. Tiu, chief executive of Repower Energy Development Corporation (REDC), as part of the company's celebration of World Sustainable Energy Days.

    REDC is a renewable energy company utilizing breakthrough technologies for energy production through hydropower that promote environmental sustainability.

    Under COP21, 196 countries including the Philippines agreed on the goal to cut carbon emissions in order to keep global warming this century below 2 degrees Celsius and build a carbon-free world economy in the second half of the century.

    Developed countries with existing renewable energy plants have also committed to further investments in renewable technologies.

    With the Philippines' buoyant urban and economic growth, energy requirements are growing at a rate that is difficult to fulfill, REDC noted. This can be solved by increasing investments in renewable energy to fill the gap and at the same time cut the country's carbon emissions, it said.

    In 2008, the government enacted the Renewable Energy Act to promote renewable energy, but the country is still struggling to boost the industry because investing in renewables is more costly than investing in coal and fossil fuel.

    Tiu said the debate between advocates of traditional sources of energy and renewables should not be a matter of choosing between a vibrant economy and a healthy environment.

    "Some companies in the country are now using energy from renewable sources like solar, geothermal, and hydro power plants. For them, it's not just a strategy to sustain future energy needs but also a business policy."

    The Philippines has a strong potential capacity in renewable energy, which makes up a significant portion of the 12,128 megawatt daily energy generation, or a minimum of 30 percent of the country's total energy source, indicating great potential for growth.

    As part of its effort to accelerate its investments in renewables, REDC recently acquired Philippine Power and Development Company (Philpodeco), owner of the country's three oldest operating mini-hydropower plants in Laguna, to increase the plants' output after a considerable P300 million overhaul.



  • January 10, 2016 - Meralco dips into mini-hydro development

    MANILA, Philippines – Power distributor Manila Electric Co. (Meralco) is taking control of a joint venture with Repower Energy Development Corp. (REDC) in renewable energy (RE) development.

    In a disclosure to the Philippine Stock Exchange, Meralco said the agreement with REDC would entail the establishment of a joint venture company that would pursue and undertake the development of various hydroelectric power projects.

    Meralco will have an "equity stake equivalent to 50 percent minus one share of the authorized capital stock of the proposed JVC".

    The partnership marks Meralco's foray into mini-hydropower development.

    The partners will hold a series of ground breaking ceremonies for mini-hydropower plants in select regions starting in the first half of the year.

    REDC has over 100 megawatts (MW) of mini-hydropower projects clustered in Quezon, Camarines Sur, Bukidnon, and other provinces under development with investments worth $400 million.

    The joint venture will have its first set of hydropower plants operational by 2019. These facilities will avail of the feed-in-tariff (FIT) scheme mandated by the Renewable Energy Act of 2008.

    The FIT system entitles power developers to receive a set of incentives for a period of time to build RE projects.

    Developers of run-of-river hydro projects, on the other hand, are entitled to a FIT allowance rate of P5.90 per kilowatt-hour.



  • January 9, 2016 - Meralco, Repower to form new hydropower company

    DOMINANT power distributor Manila Electric Co. (Meralco) signed on Wednesday a shareholders' agreement with Repower Energy Development Corp. to form a joint-venture company to the develop of various hydroelectric power projects in the country.

    In a disclosure to the Philippine Stock Exchange, Meralco said under the deal, the company will have an equity stake of 50 percent minus one share of the authorized capital stock of the proposed joint venture firm.

    It will be recalled that Meralco and Repower have earlier agreed to form the joint venture for the development of mini hydropower plants across the country.

    It will be Meralco's first foray into mini-hydropower development, a renewable energy source.

    Founded in 1891, Meralco is the Philippines' largest distributor of electric power. It is Metro Manila's only electric power distributor and holds the power distribution franchise for 22 cities and 89 municipalities, including the whole of the National Capital Region, as well as the provinces of Bulacan, Cavite, Rizal, Batangas, Laguna, and Quezon.

    Meralco (PSE:MER and MERB) is list ed in the Philippine Stock Exchange and is part of the exchange index (PSEi).

    Meanwhile, Repower was established in 2013 to address the country's call for additional investments in the renewable energy sector, with the goal of setting up and operating hydropower plants all over the country.

    The firm is focused on expanding its hydropower projects in target areas in the country, using the "clustered approach method" done by building several hydropower projects in a particular area, "resulting in increased energy capacity output, utilizing the same transmission lines, infrastructure developments, and other fixed costs, and economies of scale."

    To date, the firm has over 100 megawatts (MW) of mini-hydropower projects clustered in Quezon, Camarines Sur, Bukidnon, and other provinces under development, representing a total investment of $400 million.



  • January 8, 2016 - Meralco, Repower seal joint venture deal

    The Manila Electric Co. (Meralco) and Repower Energy Development Corp. have secured the terms of a joint venture deal to build hydropower plants.

    "The company signed today, January 7,2016, the joint venture agreement (JVA) and shareholders' agreement (SHA) with Repower Energy Development Corp.," Meralco told the stock exchange on Friday.

    The deal covers the establishment of a joint venture company for developing hydroelectric power projects.

    The SHA obliges Meralco to have an equity stake equivalent to 50 percent, minus one share, of the authorized capital stock of the proposed company.

    Repower is currently developing over 100 megawatts (MW) of mini-hydropower projects in Quezon, Camarines Sur, Bukidnon, and other provinces.

    "This represents a $400-million investment in mini-hydropower development," Meralco said last month.

    The joint venture will take advantage of the feed-in-tariff (FIT) scheme – as spelled out in the Renewable Energy Act of 2008 – with the FIT rate of P5.9 per kilowatt hour guaranteed by the government for 20 years.



  • January 8, 2016 - Meralco forms mini-hydro JV with Repower

    MANILA Electric Co. (Meralco) and Repower Energy Development Corp. have agreed to put up a joint venture company that will pursue and develop various hydro electric power projects, the utility told the stock exchange.

    It also disclosed that the two companies have signed a shareholders' agreement in which Meralco will have an "equity stake equivalent to fifty percent minus one share (50%-1 share) of the authorized capital stock" of the joint venture company.

    The deal follows the companies' agreement in December last year to build and develop mini-hydropower plants, which Repower said represented an investment of $400 million.

    Repower said that with the partnership, Meralco would be able to provide millions of its customers with green, sustainable energy by harnessing the country's hydro electric power capabilities.

    Repower has over 100 megawatts of mini-hydropower projects being developed in Quezon, Camarines Sur, Bukidnon and other provinces. Its Rangas mini-hydropower project in Camarines Sur broke ground early this month. The company is set to start in the first quarter of 2016 another project in Labayat, Quezon.

    In November, Repower acquired Philippine Power and Development Co., owner of the country's three oldest operating mini-hydropower plants. These plants in Laguna sell their power output to Meralco, the country's largest electricity distributor.

    Meralco's controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by Philippine Long Distance Telephone Co. (PLDT).

    Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has interest in BusinessWorld through the Philippine Star Group, which it controls.



  • December 20, 2015 - Meralco inks JV with Repower Energy to develop hydropower

    THE Manila Electric Co. (Meralco) aims to provide millions of customers with green, sustainable energy as it partners with Repower Energy Development Corp. (REDC) in harnessing the country's hydroelectric power capabilities.

    The two companies signed a joint-venture agreement to build and develop mini-hydropower plants using run-of-river resources, for renewable and efficient energy production while minimizing environmental impact.

    REDC has over 100 megawatt of mini-hydropower projects under development clustered in Quezon, Camarines Sur, Bukidnon and other provinces. This represents a $400-million investment in mini-hydropower development. Early this month, REDC broke ground in the Rangas mini-hydropower project in Camarines Sur. Its next ground breaking is the Upper Labayat project in Quezon, scheduled for the first quarter of 2016. REDC, through its subsidiary Philippine Power and Development Co., has three operating mini-hydropower plants all in Laguna. The operating plants sell the power output to Meralco.

    "Our wide experience in working with sustainable-energy sources has allowed us to maximize its potential through our long-term approach of using best of breed international technologies combined with local excellence in deployments" said Dexter Y. Tiu, REDC chief executive.

    This joint venture with Meralco for mini-hydropower projects will use the feed-in-tariff scheme mandated by the Renewable Energy Act of 2008, where the rate is guaranteed by the government for 20 years at P5.90 per kiloWatt-hour.

    By partnering with REDC, the initiative marks Meralco's first foray into mini-hydropower development, a renewable-energy source set to bring forth more than $40 million in annual savings while reducing the country's carbon-dioxide emissions. The power generator and distributor sees the Philippines's abundant water resources as a key to giving millions of consumers more affordable access to electricity that is clean, sustainable and renewable.

    The joint venture will lead to a series of project groundbreaking of mini-hydropower plants starting from the first half of 2016 in select regions, following REDC's vision for its clustered development strategy. The clustered system uses the same transmission lines, infrastructure development, and other fixed costs that result in economies of scale.

    Heeding the government's call for more renewable- energy sources, REDC excels through operational efficiency, focused redevelopment and the introduction of the latest European technology for energy-production optimization. This joint venture's first set of hydropower plants will be operational by 2019.

    For its technical expertise, REDC has, likewise, tapped Manny M. Vergel III of Vergel Consult, the country's only Filipino World Bank consultant on mini-hydropower plants, to pursue its projects. Vergel, who is often regarded as "The Father of Mini-hydropower in the Philippines," has brought more than a dozen mini-hydropower plants to operation from inception.

    REDC is a subsidiary of Pure Energy Holdings Corp.



  • December 20, 2015 - Meralco partners with Repower Energy for hydropower plants

    Repower Energy Development Corporation has over 100 megawatts (MW) of mini-hydropower projects in Quezon, Camarines Sur, Bukidnon, and other provinces.

    MANILA, Philippines — The Manila Electric Company (Meralco) partnered with Repower Energy Development Corporation (REDC) to build and to develop mini-hydropower plants in some parts of the Philippines, which will be operational by 2019.

    REDC said these mini-hydropower plants will use run-of-river resources "for renewable and efficient energy production while minimizing environmental impact."

    REDC has over 100 megawatts (MW) of mini-hydropower projects in Quezon, Camarines Sur, Bukidnon, and other provinces under development. This represents a $400-million investment in mini-hydropower development.

    Early this December, REDC broke ground in the Rangas mini-hydropower project in Camarines Sur. It is scheduled to start the construction of the Upper Labayat project in Quezon in the first quarter of 2016.

    REDC, through its subsidiary Philippine Power and Development Company (Philpodeco), has 3 operating mini-hydropower plants in Laguna. The operating plants in Laguna sell the power output to Meralco, REDC said.

    "Our wide experience in working with sustainable energy sources has allowed us to maximize its potential through our long-term approach of using best of breed international technologies combined with local excellence in deployments," REDC CEO Dexter Y. Tiu said in a statement.

    Its joint venture with Meralco for mini-hydropower projects will avail of the feed-in-tariff (FIT) scheme mandated by the Renewable Energy Act of 2008, where the rate is guaranteed by the government for 20 years at P5.9 ($0.12) per kilowatt hour.

    "By partnering with REDC, the initiative marks Meralco's first foray into mini-hydropower development, a renewable energy source set to bring forth more than $40-million in annual savings, while reducing the country's carbon dioxide emissions," REDC said.

    The power generator and distributor said it sees the Philippine's abundant water resources as key to providing consumers "more affordable access to electricity."

    REDC said its partnership with Meralco will lead to a series of project ground breaking of mini-hydropower plants starting from the first half of 2016 in select regions.

    The clustered system uses the same transmission lines, infrastructure development, and other fixed costs that result in economies of scale.

    This joint venture's first set of hydropower plants will be operational by 2019.

    REDC said it has tapped Manny M. Vergel III of Vergel Consult — the country's only Filipino World Bank consultant on mini-hydropower plants — to pursue its projects.

    Manny M. Vergel III, who is regarded as the father of mini hydropower in the Philippines, brought more than a dozen mini-hydropower plants to operation.

    REDC is a subsidiary of Pure Energy Holdings Corporation.



  • December 20, 2015 - Meralco partners with Repower Energy for mini-hydropower

    MANILA ELECTRIC Co. (Meralco) has signed a joint venture agreement with Repower Energy Development Corp. (REDC) to build and develop mini-hydropower plants, representing its first foray into mini-hydropower development.

    In a statement released over the weekend, REDC said the project, which will be using run-of-river resources, is expected to bring $40 million in annual savings while reducing the country's carbon dioxide emissions.

    REDC said the venture with Meralco will avail of the feed-in-tariff scheme mandated by the Renewable Energy Act of 2008, which offers a guaranteed payments on a fixed per kilowatt-hour for electricity from wind, solar, ocean, hydropower and biomass energy sources. The government-guaranteed rate for 20 years is P5.90 per kilowatt-hour.

    Dexter Y. Tiu, REDC chief executive officer, said the company's wide experience in working with sustainable energy sources had allowed it to maximize their potential through a long-term approach of "using best of breed international technologies combined with local excellence in deployments."

    REDC said it has over 100 megawatts (MW) of mini-hydropower projects being developed in Quezon, Camarines Sur, Bukidnon and other provinces, which represents an investment of $400 million.

    Its Rangas mini-hydropower project in Camarines Sur broke ground earlier this month. The company is set to start another project in Labayat, Quezon in the first quarter of 2016.

    Last month, REDC acquired Philippine Power and Development Co., owner of the country's three oldest operating mini-hydropower plants. These plants in Laguna sell their power output to Meralco, the country's largest electricity distributor.

    REDC said the joint venture with Meralco paves the way for several mini-hydropower projects breaking ground starting in the first half of 2016 in several regions under the company's "clustered development strategy." The strategy uses the same transmission lines, infrastructure development, and other fixed costs that result in economies of scale, it said.

    REDC, a subsidiary of Pure Energy Holdings Corp., said it had tapped World Bank consultant Manny M. Vergel III of Vergel Consult for the projects. It said Mr. Vergel had brought more than a dozen mini-hydropower plants from inception to operation.

    Meralco is keen on entering into renewable energy projects and has been looking for opportunities in solar and wind resources.

    Last week, Oscar S. Reyes, Meralco president and chief executive officer, said the company was continuing to look at the renewables market and would first focus on a solar project.

    He declined to put a figure as initial investment but placed an "aspirational" target capacity of up to 100 MW under a new entity that will be called "MSpectrum."

    He said the company would look into "supporting rooftop solar" within Meralco's franchise area "without prejudice to going into other areas where there is an opportunity." The first target customers, he said, would be big commercial and industrial companies.

    Meralco provides power to more than 5.5 million customer accounts in 34 cities and 77 municipalities. The franchise area includes Metro Manila, the provinces of Rizal, Cavite and Bulacan, and parts of the provinces of Pampanga, Batangas, Laguna and Quezon.

    "All our projects will require financing... all our projects are joint ventures," Mr. Reyes said. "I think we're looking at 70-30% equity for all of these projects."

    "I think the markets are still good. But markets will change over time especially as the [US Federal Reserve] has started its interest rate increase. We'll just have to watch how moderate or how fast those interest rate changes will be because that will reflect on the cost financing," he said.

    Mr. Reyes said the company's investments in renewables would be separate from its capital expenditure next year of P17.5 billion to P18 billion, which is largely for Meralco. The allocation, which stays in the range that the company previously disclosed, does not include outlay for power generation, he said.

    Meralco's controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by Philippine Long Distance Telephone Co. (PLDT).

    Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has interest in BusinessWorld through the Philippine Star Group, which it controls.



  • December 07, 2015 - Rangas prepares CamSur site for mini-hydropower plant

    RANGAS Hydropower Corp. broke ground on Friday for its 1.5-megawatt (MW) mini-hydropower power plant in Camarines Sur. The members of the consortium are Mega Renewable Power Development, Viscal Development Corp., Brightvale Ventures, Greentech Asia, Ormin Power and Repower Energy Development Corp. (REDC).

    The power project, in the municipality of Goa will produce 10 gigawatt-hours of energy annually, allowing the franchise area of Camarines Sur IV Electric Cooperative (Casureco IV) to gain direct access to clean and sustainable energy. The electric cooperative will purchase the power from the consortium at P5.75 per kilowatt-hour (kWh), lower than the government regulated feed-in-tariff (FiT) rate of P5.90 per kWh.

    "We have committed to reinvest part of our profit from the 1.5-MW Rangas mini-hydropower plant back to said electric cooperative. With this, Casureco IV can improve their services to their consumers," REDC Chief Executive Dexter Tiu said. Casureco IV provides service power to nine municipalities with 258 barangays in the Camarines Sur's Fourth District.

    "We have worked on this project since 2009, the permitting process takes forever. It's about time we commence construction and start generating power in the next 30 months," Mega Renewable Power Development Chairman Benson Lao said.

    "This power-generation project will benefit the consumers of Casureco IV. While its output may not be enough for the whole franchise area, it will provide for some reliability in cases when the National Grid fails," Lao said.



  • December 06, 2015 - Consortium building mini-hydro plant in Camarines Sur

    A consortium composed of six companies will build a 1.5-megawatt mini-hydro power plant in Camarines Sur due for completion by 2018.

    Mega Renewable Power Development, Viscal Development Corp., Brightvale Ventures, Greentech Asia, Ormin Power and Repower Energy Development Corp. broke ground on Friday for the Rangas mini hydro power project in the municipality of Goa, a group statement said.

    The CamSur-based project of the consortium is set to produce 10 gigawatt-hours of energy annually, allowing the franchise area of Camarines Sur IV Electric Cooperative IV to gain direct access to clean and sustainable energy.

    The mini-hydropower plant will generate savings for Casureco IV as it will purchase electricity directly from the consortium at a reduced rate of P5.75 per kilowatt-hour compared with the government regulated feed-in tariff rate of P5.90 per kWh for hydro projects.

    "As it is Repower's mission to address the power outages around the country by supplying renewable energy, we have committed to reinvest part of our profit from the 1.5-MW Rangas mini hydropower plant back to said electric cooperative. With this, Casureco IV can improve their services to their consumers." said Repower Energy chief executive Dexter Tiu.

    Casureco IV is officially registered and categorized as a large electric cooperative by the National Electrification Administration. The cooperative provides service power to nine municipalities with 258 barangays in the Camarines Sur's fourth district.

    "We have worked on this project since 2009, the permitting process takes forever. It's about time we commence construction and start generating power in the next 30 months," Mega Renewable chairman Benson Lao said.

    "This power generation project will benefit the consumers of Casureco IV. While its output may not be enough for the whole franchise area, it will provide for some reliability in cases when the national grid fails," Lao said.

    Lao, Jack Gaisano of Viscal Development Corp., Jolly Ting of Ormin Power, Keith Ng of Brightvale Ventures, James Chua of Greentech Asia and Dexter Tiu and Chris Tiu of Repower Energy attended the groundbreaking ceremonies.

    Repower Energy, meanwhile, recently acquired Philippine Power and Development Co., owner of the country's three oldest operating mini-hydropower plants, in a bid to expand the output of the stations.

    The company is allocating around P300 million for the rehabilitation, which includes renewal of the structural and civil works of the Balugbog, Calibato and Palapakin hydro plants. It plans to upgrade the Laguna-based low-impact hydro plants, with the latest run-of-river systems technology.



  • December 06, 2015 - Mini hydro plant eyed for CamSur

    A CONSORTIUM of renewable energy firms will build a mini hydropower plant with a target capacity of 1.5 megawatts (MW) in Goa, Camarines Sur.

    The proposed hydropower plant is a project of Mega Renewable Power Development, Viscal Development Corp., Brightvale Ventures, Greentech Asia, Ormin Power, and Repower Energy Development Corp. (REDC).

    The plant is expected to produce 10 gigawatt-hours of energy annually, which would allow the franchise area of Camarines Sur IV Electric Cooperative (Casureco IV) to gain access to clean and sustainable energy.

    Casureco IV will purchase power directly from the consortium at a reduced rate of P5.75 per kilowatt hour (kWh), which is lower than the government regulated feed-in tariff (FIT) rate of 5.90/kWh.

    The project will allow Casureco IV improve services to its consumers, said REDC chief executive Dexter Tiu.

    "As it is Repower's mission to address the power outages around the country by supplying renewable energy, we have committed to reinvest part of our profit from the 1.5 MW Rangas mini hydropower plant back to said electric cooperative," he said.

    Casureco IV is officially registered and categorized as a large electric cooperative by the National Electrification Administration (NEA).

    The cooperative provides service power to nine municipalities with 258 barangays in Camarines Sur's fourth district.

    Benson Lao, chairman of Mega Renewable Power Development, said they have been working on the project since 2009 but "the permitting process takes forever."

    "It's about time we commence construction and start generating power in the next 30 months," said Lao.

    "While its output may not be enough for the whole franchise area, it will provide for some reliability in cases when the national grid fails," he added.

    Completion of the Rangas mini hydropower plant is scheduled in 2018.



  • November 29, 2015 - Repower Energy completes acquisition of mini-hydro plants

    MANILA, Philippines - Local renewable energy developer Repower Energy Development Corp. (REDC) has acquired the country's three oldest operating mini-hydropower plants for P300 million.

    The company led by businessman Dexter Tiu completed the acquisition after the takeover of Philippine Power and Development Co. (Philpodeco).

    Following the acquisition, REDC said it would upgrade these plants located in Balugbog, Calibato and Palapakin, all in Laguna, with the latest run-of-river systems technology.

    These enhancements will increase the current output of the Balugbog, Calibato and Palapakin hydro plants by more than four-fold, or generating over 11 Gigawatt-hours (GWh) of clean, renewable energy annually.

    "The beauty of these plants is that you know that the system has been operating for the last 88 years, and with the current hydrology study completed, it will still be productive for the next 100. The fact that these plants were not efficiently run by the former management, using only band aid solutions to mitigate problems, we are going to change all that through investment in technology and infrastructure," REDC CEO Dexter Y. Tiu said.

    These projects were recommended for structural and civil works upgrades by Manny V. Vergel III of Vergel3 Consult Inc., the only Filipino World Bank consultant on mini-hydropower.

    Based on Vergel's study on the hydrology of the region, the existing water resources can support bigger capacity plants through the implementation of advanced technology and upgrading of the civil works.

    Established in 1927, Philpodeco is the pioneer and longest running operator of mini-hydropower plants in the country.

    Before World War II, the company founded by the Americans and some Filipinos had already put up four hydro plants in Laguna and purchased the Sta. Cruz and Sto. Tomas electric plants, supplying electricity to the municipalities of Majayjay, Magdalena, Sta. Cruz, Pila, Victoria, Bay, Los Baños, Calamba and Sto. Tomas, Batangas.

    During the 60's, Philpodeco used to serve 39 percent of Laguna, generating 12 million kilowatt hours (kWh) or 70 percent of the capacity produced by its plants while the remaining 30 percent was purchased from Botocan and the National Power Corp.

    Philpodeco continued to operate these three plants which have been supplying bulk power to Meralco since July 1, 1983.

    REDC said the takeover of Philpodeco's hydro plants is just one of its initiatives to promote environmentally, friendly renewable energy generation.

    Aside from Laguna, the RE firm is also developing over 50 megawatts of mini-hydropower plants in the provinces of Quezon, Bukidnon, and Camarines Sur.

    Groundbreaking of these greenfield plants are scheduled within months of each other, with the first one scheduled next week.



  • November 28, 2015 - Repower Energy Development Corp. acquires Philpodeco

    To deliver more than 4-fold increase in renewable energy production.

    Repower Energy Development Corporation (REDC) has acquired Philippine Power and Development Company (Philpodeco), owner of the country's three oldest operating mini-hydropower plants.

    With the acquisition, REDC is looking to multiply these plants' output after a P300-million overhaul, the company said in a statement.

    Investing millions for the thorough renewal of the structural and civil works of the Balugbog, Calibato and Palapakin hydro plants was recommended by Manny V. Vergel III of Vergel3 Consult Inc., the only Filipino World Bank consultant on mini-hydropower.

    According to his comprehensive study on the hydrology of the region, the existing water resources can support bigger capacity plants through the implementation of advanced technology and upgrading of the civil works.

    REDC will upgrade these Laguna-based low-impact hydro plants, with the latest run-of-river systems technology. Such systems basically generate energy by utilizing water in a reliable and controlled manner.

    This advanced system, among other deployments increases the height of the existing weirs, which raise the water level and ensure constant water supply, minimizing the hydro plants' impact on the environment.

    REDC's enhancements will increase the current output of the Balugbog, Calibato and Palapakin hydro plants by more than four-fold, or generating more than 11 Gigawatt-hours of clean, renewable energy annually.

    "The beauty of these plants is that you know that the system has been operating for the last 88 years, and with the current hydrology study completed, it will still be productive for the next 100."

    "The fact that these plants were not efficiently run by the former management, using only band-aid solutions to mitigate problems, we are going to change all that through investment in technology and infrastructure." says Dexter Y. Tiu, REDC Chief Executive.

    Established in 1927, Philpodeco is the pioneer and longest running operator of mini-hydropower plants in the Philippines.

    Before the Second World War, the company founded by the Americans and some Filipinos had already put up four hydro plants in Laguna. It purchased the Sta. Cruz and Sto. Tomas electric plants, supplying electricity to the municipalities of Majayjay, Magdalena, Sta. Cruz, Pila, Victoria, Bay, Los Baños, Calamba and Sto. Tomas, Batangas.

    During the war, Philpodeco continued its operations under the Taiwan Denki Kaisha of the Japanese Military Administration.

    During the sixties, Philpodeco, utilizing its 4 hydro plants then, served 39 percent of Laguna's people, generating 12 million kWh – 70 percent of which was produced by Philpodeco's plants, while the remaining 30 percent was purchased from Botocan and NPC.

    Philpodeco continued to supply electricity to 11 of Laguna's municipalities until the late dictator Ferdinand E. Marcos issued a presidential decree in 1983, stating that Meralco had to take over Philpodeco's distribution lines.

    Meralco could not buy the hydropower plants as the law then precluded a distributor like Meralco to be a power generator. Philpodeco continued to operate these three plants, supplying bulk power to Meralco since July 1, 1983 up to today.

    This takeover of Philpodeco's hydro plants is just one of REDC's initiatives to promote environmentally friendly renewable energy generation. Aside from Laguna, REDC is also developing more thann 50 MW of mini hydropower plants in the provinces of Quezon, Bukidnon, and Camarines Sur.

    Ground breaking of these greenfield plants are scheduled within months of each other, with the first ground breaking scheduled for next week.

    Established just two years ago while the country was grappling with inadequate energy supply, REDC has become a frontrunner in the hydro energy industry, introducing modern European technology for hydropower energy production optimization.

    REDC backs the Philippine government's call for more investments in renewable energies. Their projects promotes environmental sustainability and have a significant impact on the country's buoyant urban and economic growth.


  • November 27, 2015 - Repower Energy buys Philpodeco to boost renewable energy

    MANILA - Repower Energy Development Corporation (REDC) has acquired Philippine Power and Development Company (Philpodeco) to boost its renewable energy production.

    Philpodeco is the owner of the Balugbog, Calibato and Palapakin hydro plants, the country's three oldest operating mini-hydropower plants.

    REDC will upgrade these Laguna-based plants with the latest run-of-river systems technology.

    "Such systems basically generate energy by utilizing water in a reliable and controlled manner. This advanced system, among other deployments, increases the height of the existing weirs, which raise the water level and ensure constant water supply, minimizing the hydro plants' impact on the environment," REDC said in a statement.

    The enhancements include increasing the current output of the three hydro plants by more than four-fold, or generating over 11 gigawatt-hours of clean, renewable energy annually.

    "The beauty of these plants is that you know that the system has been operating for the last 88 years, and with the current hydrology study completed, it will still be productive for the next 100. The fact that these plants were not efficiently run by the former management, using only band aid solutions to mitigate problems, we are going to change all that through investment in technology and infrastructure," REDC chief executive Dexter Tiu said.

    Aside from Laguna, REDC is also developing over 50 megawatts of mini hydropower plants in Quezon, Bukidnon, and Camarines Sur.

Pure Energy Holdings Corporation. Copyright 2017.