NEW HYDRO PROJECT. The MOA was signed on October 20 in Mandaluyong by AboitizPower Generation EVP and COO Manny Rubio and NIA Administrator Florencio Padernal (second from left). Witnessing the signing ceremony are (L-R): NIA Deputy Administrator for Administration and Finance Estrella Icasiano, SNAP EVP and COO Joseph Yu, and SNAP CFO Eleanor Blomdahl.
NEW HYDRO PROJECT. The MOA was signed on October 20 in Mandaluyong by AboitizPower Generation EVP and COO Manny Rubio and NIA Administrator Florencio Padernal (second from left). Witnessing the signing ceremony are (L-R): NIA Deputy Administrator for Administration and Finance Estrella Icasiano, SNAP EVP and COO Joseph Yu, and SNAP CFO Eleanor Blomdahl.

Power

SNAP, NIA sign agreement for 8.5-MW Hydro Plant

SNAP-Magat signed a Memorandum of Agreement with the National Irrigation Administration (NIA) for the construction of an 8.5-MW hydroelectric power plant along the Maris Main (South) Canal in Ramon, Isabela.

The agreement is the culmination of two years of planning by SNAP’s Greenfield Development Arm (GDP) Maris team led by Senior Technical Manager Andy Ana and Legal Consultant Atty. Ani Macias. The plant is SNAP’s first project under GDP to reach this stage. Construction is targeted to begin in late 2015 and completed by November 2017.

The project contributes to the strategic pillar of Growing the Business and supports the renewable program of the government to ensure energy security. Other than providing additional power, the project will also improve irrigation facilities. The Maris reservoir began operating in the 1980s and has since regulated the flow of water used for irrigation.