PNOC Renewables Corp., the renewable arm of state-owned Philippine National Oil Co., has forged a joint venture with Aboitiz Power Corp. for the development of a 40 to 45-megawatt hydro power project in Benguet province.

“It’s a joint venture, we have the service contract, but Aboitiz will complete the project,” PNOC Renewables business development manager Pamela Cea-Borlaza told reporters.

PNOC Renewables Corp., the renewable arm of state-owned Philippine National Oil Co., has forged a joint venture with Aboitiz Power Corp. for the development of a 40 to 45-megawatt hydro power project in Benguet province.

“It’s a joint venture, we have the service contract, but Aboitiz will complete the project,” PNOC Renewables business development manager Pamela Cea-Borlaza told reporters.

She said PNOC Renewables was also looking at other renewable energy projects for irrigation canals, solar rooftop projects in government offices and mini-hydro projects with electric cooperatives.

Cea-Borlaza earlier said PNOC Renewables Corp. was looking at up to 300 MW of power projects until 2018.

“These are projects primarily in partnership with the private sector. We want to enter into partnerships, that are joint ventures,” Cea- Borlaza said.

She said the company was looking at different partners for each projects. PNOC Renewables is the government’s corporate vehicle in the promotion and development of new and renewable energy sources in the country. 

PNOC Renewables previously published the invitation for eligibility and submission of proposals for the 5.4-MW Siaton hydro project, 11-MW Okoy hydro project and the 33-MW Pacuan-Guinobaan hydro project also in Negros Oriental.

The Siaton hydro project is a run-of-the-river type hydropower development along Siaton River. It will be located in Barangay Apoloy, Siaton, Negros Oriental.

The Okoy hydro project is a run-of-the-river type hydro development along Okoy River in Barangay Palinpinon, Valencia, Negros Oriental.

The  Pacuan Guinobaan hydro project is a pump-assisted hydro development along the Pacuan and Guinobaan rivers. The project has two components: the power generation and the pumping components.

This news article originally appears at the Manila Standard Today website via this link.