• April 23, 2024 - Repower to pioneer new type of hydro plant in PH

    MANILA, Philippines — Tiu family-led Repower Energy Development Corp. (REDC) will be the first to construct a pumped-storage hydropower plant in the Philippines harnessing seawater.

    In a disclosure Monday, REDC said it was awarded a service contract from the Department of Energy to develop the 320-megawatt facility in Real, Quezon province.

    “The development of a seawater pumped-storage hydropower facility in Real, Quezon shall be the first of its kind in the Philippines, thus allowing the company to be a pioneering force in this particular area of clean energy,” REDC president and CEO Eric Peter Roxas said.

    The listed firm did not divulge the cost or timeline for completing the plant, noting only that it would utilize internally generated funds to conduct a pre-feasibility study and initial activities related to the project.

    Harnessing seawater

    Such a facility usually uses two basins of water at different elevations. The transfer of water from one to the other is what generates electricity.

    “The elevation of this project will be around 300 meters above sea level, and the lower reservoir will utilize the coastline for unlimited seawater intake,” it said. According to REDC, the pumped-storage hydro system on the northern coast of Okinawa Island in Japan is the first in the world to use seawater for storing energy.

    “The power station was a pure pumped-storage facility, using the Philippine sea as its lower reservoir,” it added.

    The development is part of a memorandum of agreement REDC signed with Austria-based Gugler Water Turbines GMBH for the construction of such facilities throughout the Philippines.

    Full article here

  • April 23,2024 - DoE okays REDC hydropower deal

    The Repower Energy Development Corp. (REDC) announced on Monday that they have been granted by the Department of Energy (DoE) a hydropower service contract to develop and build a hydropower system in the municipality of Real in Quezon Province.

    In a report to the Philippine Stock Exchange, the renewable energy developer and a subsidiary of Pure Energy Holdings Corporation said the proposed project is a 320-megawatt (MW) seawater-pumped storage hydropower facility.

    The development, in partnership with the Austrian hydropower technology Gugler Water Turbines GMBH, dealt over a memorandum of agreement (MoA), is eyeing developing seawater pump storage generation facilities throughout the Philippines.

    First project in Luzon

    Following the MoA, the first project will be in an area within Luzon.

    “The elevation of this project will be around 300 meters above sea level, and the lower reservoir will utilize the coastline for unlimited seawater intake,” REDC statement read, noting that they will shoulder the funding of its pre-feasibility and initial activities, which they said will be from their internally generated funds.

    “The development of a seawater pumped storage hydropower facility in Real, Quezon shall be the first of its kind in the Philippines, thus allowing the company to be a pioneering force in this particular area of clean energy,” REDC president and chief executive officer Eric Peter Roxas said.

    According to International Water Power and Dam Construction, the world’s first seawater-pumped storage powerplant was completed in Japan in March 1999 and was called the Okinawa Yambaru station.

    It is said to have a maximum output of 30 MW, a maximum operating head of 152 meters, and a maximum discharge of 26 cubic meters per second.

    Full article here

  • April 23,2024 - Repower to build seawater pump hydro plant in Quezon

    REPOWER Energy Development Corp. (REDC) is set to build and develop its seawater pump storage hydropower plant in Real, Quezon province, the renewable energy developer said on Monday.

    This comes after the company has secured a hydropower service contract from the Energy department, the listed energy company said in a statement to the stock exchange.

    “The development of a seawater pumped storage hydropower facility in Real, Quezon shall be the first of its kind in the Philippines, thus allowing the company to be a pioneering force in this particular area of clean energy,” said Eric Peter Y. Roxas, president and chief executive officer of REDC.

    REDC will build a seawater pumped storage hydropower with a capacity of 320 megawatts (MW) in Quezon, while the Austria-based Gugler Water Turbines GMBH will develop the seawater pump storage generation facilities.

    To recall, REDC signed a memorandum of agreement with Gugler in 2023 to bring seawater pumped storage technology into the country.

    The project, which will be the first of its kind in the Philippines, will be constructed around 300 meters above sea level utilizing the coastline for continuous water supply intake.

    REDC is planning to expand its installed energy capacity by one gigawatt in the next five years, with its portfolio mainly focusing on hydropower projects.

    The company is a run-of-river hydropower developer, a subsidiary of Pure Energy Holdings, has 124 MW of mini-hydropower projects in Laguna, Quezon, Camarines Sur, Bukidnon, and other provinces under development.

    The company is currently constructing a 4.5-MW hydropower plant in Quezon and a 20-MW plant in Bukidnon. The two facilities are anticipated to start operations by 2025.

    Full article here

  • April 23,2024 - REDC secures DOE contract for 320 MW hydro project in Quezon Province

    Pure Energy Holdings Corp. subsidiary Repower Energy Development Corp. (REDC) has secured a hydropower service contract from the Department of Energy for the development of a seawater pump storage hydropower facility in Real, Quezon.

    REDC said it will soon build a 320 megawatts (MW) seawater pumped storage hydropower facility that will be built on the heels of a memorandum of agreement with Austria-based Gugler Water Turbines GMBH to develop seawater pump storage generation facilities throughout the country.

    Under the agreement, the first project will be located in an area in Luzon with an elevation of around 300 meters above sea level. The lower reservoir will utilize the coastline for unlimited seawater intake.

    REDC said it will be responsible for the funding of the pre-feasibility and initial activities which will come from internally generated funds.

    “The development of a seawater pumped storage hydropower facility in Real, Quezon

    shall be the first of its kind in the Philippines, thus allowing the company to be a pioneering

    force in this particular area of clean energy,” said Eric Peter Roxas, REDC president and chief executive officer, in a statement.

    REDC is constructing another 4.5 MW hydropower plant also in Quezon Province and a bigger 20 MW hydropower plant in Bukidnon. Both plants are targeted to operate by the fourth quarter of 2025.

    Full article here

  • April 23, 2024 - REDC to build seawater pumped storage hydropower plant

    The Department of Energy (DoE) has given REDC a hydropower service contract for the 320-megawatt (MW) facility following the signing of a memorandum of agreement (MoA) with Austria-based Gugler Water Turbines GMBH to develop similar projects in the Philippines.



    "The development of a seawater pumped storage hydropower facility in Real, Quezon shall be the first of its kind in the Philippines, thus allowing the company to be a pioneering force in this particular area of clean energy," REDC President and CEO Eric Peter Roxas said.



    Pumped-storage hydropower involves the use of two reservoirs at different elevations that can generate power as water moves from one to the other, passing through a turbine.


    REDC's Monday share price last closed at P5.50 on April 19.

    Full article here

  • April 22,2024 - Repower to Build Seawater Pump Hydro-Plant in Quezon

    REPOWER Energy Development Corp. (REDC) is set to build and develop its seawater pump storage hydropower plant in Real, Quezon province, the renewable energy developer said on Monday.

    This comes after the company has secured a hydropower service contract from the Energy department, the listed energy company said in a statement to the stock exchange.

    “The development of a seawater pumped storage hydropower facility in Real, Quezon shall be the first of its kind in the Philippines, thus allowing the company to be a pioneering force in this particular area of clean energy,” said Eric Peter Y. Roxas, president and chief executive officer of REDC.

    REDC will build a seawater pumped storage hydropower with a capacity of 320 megawatts (MW) in Quezon, while the Austria-based Gugler Water Turbines GMBH will develop the seawater pump storage generation facilities.

    To recall, REDC signed a memorandum of agreement with Gugler in 2023 to bring seawater pumped storage technology into the country.

    The project, which will be the first of its kind in the Philippines, will be constructed around 300 meters above sea level utilizing the coastline for continuous water supply intake.

    REDC is planning to expand its installed energy capacity by one gigawatt in the next five years, with its portfolio mainly focusing on hydropower projects.

    The company is a run-of-river hydropower developer, a subsidiary of Pure Energy Holdings, has 124 MW of mini-hydropower projects in Laguna, Quezon, Camarines Sur, Bukidnon, and other provinces under development.

    The company is currently constructing a 4.5-MW hydropower plant in Quezon and a 20-MW plant in Bukidnon. The two facilities are anticipated to start operations by 2025.

    Full article here

  • April 22,2024 - Dexter Tiu’s Repower to introduce seawater pumped storage hydropower

    Repower Energy Development Corp. (REDC), led by bilyonaryo Dexter Tiu, plans to build a 320 megawatt seawater pumped storage hydropower facility in Real, Quezon.

    REDC, a subsidiary of Pure Energy Holdings Corporation, was granted a hydropower service contract by the Department of Energy to develop the seawater pump storage hydropower facility.

    “The development of a seawater pumped storage hydropower facility in Real, Quezon shall be the first of its kind in the Philippines, thus allowing the company to be a pioneering force in this particular area of clean energy,” said Eric Peter Y. Roxas, president and CEO of REDC.

    This development follows REDC’s signing of a memorandum of agreement (MOA) with Austria-based Gugler Wa

    Under the MOA, the first project will be located in an area within Luzon at an elevation of around 300 meters above sea level, and the lower reservoir will utilize the coastline for unlimited seawater intake.

    REDC will be responsible for the funding of the pre-feasibility and initial activities which will come from internally generated funds.

    The pumped-storage hydro system on the northern coast of Okinawa Island, Japan, was the world’s first pumped-storage facility to use seawater for storing energy. The power station was a pure pumped-storage facility, using the Philippine Sea as its lower reservoir.

    Full article here

  • April 22, 2024 - Repower Energy Development Corp To Build Seawater Pumped Storage Hydropower Facility In Quezon

    - TO BUILD SEAWATER PUMPED STORAGE HYDROPOWER FACILITY IN QUEZON

    - DOE GRANTED HYDROPOWER SERVICE CONTRACT TO DEVELOP & BUILD SEAWATER PUMP STORAGE HYDROPOWER FACILITY

    - RESPONSIBLE FOR FUNDING OF PRE-FEASIBILITY AND INITIAL ACTIVITIES FOR PROJECT

    - CONTRACT TO BUILD 320 MW SEAWATER PUMPED STORAGE HYDROPOWER FACILITY

    Full article here

  • April 22, 2024 - Repower to build first seawater pumped storage hydro project in PH

    The Department of Energy granted Repower Energy Development Corp. (REDC) a hydropower service contract to develop and build a 320-megawatt seawater pump storage hydropower facility in Real, Quezon.

    REDC said in a statement Monday it would soon build the project following the signing of a memorandum of agreement (MOA) with Austria-based Gugler Water Turbines GMBH (Gugler).

    The first project under the MOA will be in an elevation of around 300 meters above sea level, and the lower reservoir will utilize the coastline for unlimited seawater intake.

    REDC will be responsible for the funding of the pre-feasibility and initial activities.

    The development of a seawater pumped storage hydropower facility in Real, Quezon shall be the first of its kind in the Philippines, thus allowing the company to be a pioneering force in this particular area of clean energy,” REDC president and chief executive Eric Peter Roxas said.

    The pumped-storage hydro system on the northern coast of Okinawa Island, Japan was the world’s first pumped-storage facility to use seawater for storing energy. The power station was a pure pumped-storage facility, using the Philippine Sea as its lower reservoir.

    REDC signed a memorandum of understanding (MOU) with the National Irrigation Administration (NIA) for the development of mini hydropower plants in three areas where the NIA has existing infrastructure.

    It asked for the NIA’s permission to conduct comprehensive studies on the economic, financial and technical viability of the projects.

    These projects cover the river irrigation systems (RIS) in Barangay Dapdap, Tayabas, Quezon; Barangay Sta. Justina in Iriga City, Camarines Sur; and Barangay Poblacion in Pilar, Bohol.

    Meanwhile, the DOE also awarded REDC wind energy service contracts totaling 500 megawatts that would further expand its portfolio of clean-energy facilities around the country.

    The 25-year wind contracts would allow the company to build the wind farms in Real and Mauban, Quezon Province.

    Full article here

  • April 22, 2024 - REDC to build seawater pumped storage hydropower plant in Quezon

    Repower Energy Development Corp. (REDC) said it plan to construct the country's first seawater pump storage hydropower facility in Real, Quezon after being granted a Hydropower Service Contract from the Department of Energy (DOE).

    In a disclosure to the Philippine Stock Exchange, the subsidiary of Pure Energy Holdings Corp. said it will build the 320 megawatt (MW) hydropower facility under a memorandum of agreement with Austrian firm Gugler Water Turbines GMBH (Gugler), whereas the joint agreement will have its first project within Luzon.

    REDC President and Chief Executive Officer Eric Peter Roxas said this development would make history, stating that “the seawater pumped storage hydropower facility in Real, Quezon shall be the first of its kind in the Philippines, thus allowing the company to be a pioneering force in this particular area of clean energy.”

    The facility will be constructed around 300 meters above sea level, while the lower reservoir will use the coastline for unlimited intake of seawater, and Repower will fund the pre-feasibility and initial activities using internally generated funds.

    While this may be the first to source energy from seawater in the country, the first-ever pumped-hydro storage system in the world utilizes the Philippine sea for its lower reservoir. The facility is located on the northern coast of Okinawa, Japan.

    Full article here

  • April 22, 2024 - Repower Energy secures DOE permit to build 320MW seawater pump storage plant

    Repower Energy Development Corp., a unit of Pure Energy Holdings Corp., said Monday it secured from the Department of Energy a hydropower service contract to develop and build a seawater pump storage hydropower facility in the coastal town of Real.

    REDC will soon build a 320-megaWatt seawater pumped storage hydropower facility in Pacific Ocean-facing town of Quezon province.

    The listed power firm earlier signed a deal with Austria-based Gugler Water Turbines GMBH to develop seawater pump storage generation facilities throughout the Philippines. Under the memorandum of agreement, the first project will be located in an area within Luzon.

    The project in Real will have an elevation of around 300 meters above sea level, and the lower reservoir will utilize the coastline for unlimited seawater intake. REDC will be responsible for the funding of the pre-feasibility and initial activities which will come from internally generated funds.

    “The development of a seawater pumped storage hydropower facility in Real, Quezon shall be the first of its kind in the Philippines, thus allowing the company to be a pioneering force in this particular area of clean energy,” said Eric Peter Roxas, president and chief executive officer of REDC.

    The pumped-storage hydro system on the northern coast of Okinawa Island, Japan, was the world’s first pumped-storage facility to use seawater for storing energy. The power station was a pure pumped-storage facility, using the Philippine sea as its lower reservoir.

    Laguna Lake has for decades been host of the Caliraya pump-storage facility.

    Full article here

  • April 9, 2024 - Repower Energy signs deal with NIA for mini-hydropower projects

    RENEWABLE ENERGY developer Repower Energy Development Corp. (REDC) announced on Monday an agreement with the National Irrigation Administration (NIA) for the development of mini hydropower plants.

    The company and NIA have signed a memorandum of understanding seeking to develop mini hydropower plants in three areas where the agency has existing infrastructure, the company said in a statement.

    REDC had requested NIA’s permission to conduct comprehensive studies on the economic, financial, and technical viability of the projects.

    These projects cover the river irrigation systems in Brgy. Dapdap in Tayabas, Quezon; Brgy. Sta. Justina in Iriga City, Camarines Sur; and Brgy. Poblacion in Pilar, Bohol.

    “We would like to thank NIA Administrator Eddie Guillen and the entire organization for their trust and confidence in REDC by allowing us to develop and integrate mini hydropower plants into their existing infrastructure,” REDC President Eric Peter Y. Roxas was quoted as saying.

    “These will benefit the Filipino people through renewable energy that will be delivered to their households. At the same time, these projects are designed to uphold the property rights of Filipino farmers so that they can continue with their livelihood,” he added.

    REDC is a run-of-river hydropower developer, a subsidiary of Pure Energy Holdings, which has 124 megawatts (MW) of mini-hydropower projects clustered in Laguna, Quezon, Camarines Sur, Bukidnon, and other provinces under development.

    The company is currently constructing a 4.5-MW hydropower plant in Quezon and a 20-MW plant in Bukidnon. Both plants are targeted to start operations by the fourth quarter of 2025.

    For the third quarter, the company reported an attributable net income of P36.51 million, up 19.3%. Gross revenues went down by 11.9% to P103.26 million.

    At the local bourse on Monday, shares of the company went down by P0.20 or 3.33% to close at P5.80 each.

    Full article here.

  • April 8, 2024 - Repower signs MOU to develop mini-hydros in irrigation areas

    Repower Energy Development Corp., a subsidiary of Pure Energy Holdings Corp., said Monday said it signed a memorandum of understanding (MOU) with the National Irrigation Administration (NIA).

    REDC said in a statement this signifies the company’s intention to pursue the development of mini-hydropower plants in three areas where the NIA has existing infrastructure.

    REDC requested for the NIA’s permission to conduct comprehensive studies on the economic, financial and technical viability of the projects.

    These projects cover the river irrigation systems (RIS) in Barangay Dapdap in Tayabas, Quezon; Barangay Sta. Justina in Iriga City, Camarines Sur; and Barangay Poblacion in Pilar, Bohol.

    REDC said it would deploy its engineers and technical staff to these areas for planning and maintenance of the projects.

    “We would like to thank NIA administrator Eddie Guillen and the entire organization for their trust and confidence in REDC by allowing us to develop and integrate mini hydropower plants into their existing infrastructure,” REDC president Eric Peter Roxas said during the signing ceremony.

    “These will benefit the Filipino people through renewable energy that will be delivered to their households. At the same time, these projects are designed to uphold the property rights of Filipino farmers so that they can continue with their livelihood,” Roxas said.

    The Department of Energy (DOE) recently awarded REDC wind energy service contracts totaling 500 megawatts that would further expand its portfolio of clean-energy facilities around the country.

    The 25-year wind contracts would allow the company to build the wind farms in Real and Mauban, Quezon Province.

    Full article here.

  • April 8, 2024 - REDC, NIA to explore potential hydropower projects in 3 provinces

    Repower Energy Development Corp. (REDC) and the National Irrigation Administration (NIA) signed a memorandum of understanding (MOU) for possible hydropower facilities in Quezon, Camarines Sur, and Bohol.

    In a statement, REDC said that the hydropower unit of Pure Energy Holdings Corp. has received approval to assess the economic, financial, and technical viability for the development of small-scale hydropower plants in three of NIA's current structures.

    Once construction begins, this could benefit Filipino farmers by enhancing their farm livelihood.

    These potential projects will cover the river irrigation systems (RIS) in Tayabas, Quezon, Iriga City, Camarines Sur, and Pilar, Bohol.

    REDC also assured efficient planning and maintenance for the projects as they already have existing company presence in these areas.

    REDC President Eric Y. Roxas thanked NIA Administrator Eddie Guillen for partnering with them, stating “These will benefit the Filipino people through renewable energy that will be delivered to their households.”

    Repower Energy Development Corp. (REDC) and the National Irrigation Administration (NIA) signed a memorandum of understanding (MOU) for possible hydropower facilities in Quezon, Camarines Sur, and Bohol.

    In a statement, REDC said that the hydropower unit of Pure Energy Holdings Corp. has received approval to assess the economic, financial, and technical viability for the development of small-scale hydropower plants in three of NIA's current structures.

    Once construction begins, this could benefit Filipino farmers by enhancing their farm livelihood.

    These potential projects will cover the river irrigation systems (RIS) in Tayabas, Quezon, Iriga City, Camarines Sur, and Pilar, Bohol.

    REDC also assured efficient planning and maintenance for the projects as they already have existing company presence in these areas.

    REDC President Eric Y. Roxas thanked NIA Administrator Eddie Guillen for partnering with them, stating “These will benefit the Filipino people through renewable energy that will be delivered to their households.”

    Full article here.

  • April 8, 2024 - REDC, NIA sign agree to develop hydropower plants

    Repower Energy Development Corp., the hydropower subsidiary of Pure Energy Holdings Corp., has signed a memorandum of understanding with the National Irrigation Administration (NIA) and its intent to pursue the development of mini hydropower plants in areas where the NIA has existing infrastructure.

    REDC has asked for the NIA’s permission to conduct comprehensive studies on the economic, financial and technical viability of projects covering the river irrigation systems in Barangay Dapdap in Tayabas, Quezon, Barangay Sta. Justina in Iriga City, Camarines Sur and Barangay Poblacion in Pilar, Bohol.

    These are provinces where REDC already has a presence and as consequence, the company will be able to use its engineers and technical staff for planning and maintenance of the projects.

    “We would like to thank NIA administrator Eddie Guillen and the entire organization for their trust and confidence in REDC by allowing us to develop and integrate mini hydropower plants into their existing infrastructure,” Eric Peter Y. Roxas, president of REDC, said during the signing ceremony.

    “These will benefit the Filipino people through renewable energy that will be delivered to their households. At the same time, these projects are designed to uphold the property rights of Filipino farmers so that they can continue with their livelihood.”

    Full article here.

  • April 4, 2024 - NIA and REDC Ink MOU on Irrigation Development

    In line with the Agency’s renewable energy thrust, NIA Administrator Engr. Eduardo Eddie G. Guillen and Repower Energy Development Corporation (REDC) President Eric Peter Y. Roxas signed Memorandum of Understanding (MOU) on irrigation development on April 3, 2024 at NIA Central Office.

    The MOU Signing signifies the intention of REPOWER and NIA to pursue the development of three mini hydroelectric power plants at the Dumacaa River Irrigation System (Dumacaa RIS) Structures 1, 2, and 3 in the City of Tayabas, Quezon, Rinconada Integrated Irrigation System (RIDA RIIS) in the City of Iriga, Camarines Sur, and Malinao Dam in the Municipality of Pilar, Bohol. The said projects will be developed through an acceptable scheme under existing laws, such as Republic Act (RA) No. 9513 (Renewable Energy Act of 2008).

    Under the memorandum, REDC shall undertake full blown studies at its own expense and at no cost to NIA. This includes the conduct of feasibility studies covering the financial, socio-economics, and technical viabilities, as well as the most cost-effective development, construction, and operation of the power generation component.

    NIA Senior Deputy Administrator Engr. Robert C. Suguitan and Mr. Dexter Tiu witnessed the ceremonial signing.

    REDC President Roxas expressed his gratitude to NIA. He emphasized the importance of the projects and assured that the project construction will not hamper the provision of irrigation service to the Filipino farmers.

    “We would like to thank Administrator Eddie and the NIA Administration for this trust and confidence in REDC to be able to develop the existing NIA infrastructures and enhance it with hydropower components. This will definitely be beneficial to the Filipino people as we develop more renewable energy without displacing the Filipino farmers”, said REDC President Roxas.

    Full article here.

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