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SN Aboitiz Power Pushing Construction of Alimit Hydropower Complex

Power News - Published on Tue, 17 Sep 2019

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The Philippine Star reported that SN Aboitiz Power Group the joint venture of SN Power of Norway and Aboitiz Power Corp is pushing back the construction timeline of its 390 MW Alimit Hydropower Complex to firm up the cost and design of the project. SNAP president and CEO Joseph Yu said the company’s board directed the project development team to lower the capital expenditure of the project. He said that “We presented (the project details)to the board in August. After some deliberation, we felt that capex needed a little more work.”

The company official said that “We’re going to spend another three to six months to sharpen those technical design, do some value engineering and get a more solid number, and then go back to make a decision.”

Originally, SNAP was targeting to proceed to pre-construction phase within the third quarter after getting all the necessary permits, which include free, prior and informed consent, environment compliance certificate and endorsement from local government units.

Last June, a framework agreement for the proposed Alimit project was signed with the municipal government of Lamut, the last of the four LGUs to approve Ifugao’s first large-scale hydropower facility. Other municipalities are Aguinaldo, Lagawe and Mayoyao.

The agreement outlines the cooperation, collaboration, and obligations between and among SNAP as project proponent and the municipalities as hosts during the development and operation phase of the project.

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Posted By : Rabi Wangkhem on Tue, 17 Sep 2019
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