MASHAV, Israel's Agency for International Development Cooperation, and the Israeli Embassy in the Philippines have…
Partnering with Exeter on a hydro project is an Alternate
For the run-of-river hydropower project of Exeter Portofino Holdings in Lamut and Asipulo in Ifugao, renewable energy company Alternergy is collaborating with the latter.
Alternergy said it and Exeter, as co-partners in the development of the Lamut-Asipulo Hydro Power Project, inked an investment framework agreement on Thursday.
The corporation said that by partnering with Exeter, the hydropower plant’s construction will go more quickly.
The Lamut-Asipulo Hydro Power Project is in an advanced level of development with the addition of Exeter as a co-partner and is anticipated to issue notice to proceed to early construction works in the coming months, according to Alternergy.
According to Exeter, the relationship with Alternergy is in line with its commitment to making sure the project is sustainable and will protect the surrounding communities’ history.
Sara Soliven-de Guzman, a prominent member of civil society, owns the holding company Exeter. Through its Operation Brotherhood Community Foundation, the Soliven-de Guzman family has actively promoted the preservation of Ifugao heritage sites and launched educational initiatives in the Ifugao region.
According to Exeter chairman Soliven-de Guzman, “the Lamut-Asipulo Hydro Power Project is also a chance for us to continue and grow the work our family has started in Ifugao.” “Our family has strong ties to Ifugao, and we are eager to deepen these relationships by working with Alternergy to capture renewable energy and improve the lives of the Ifugaos.”
The run-of-river hydropower project will utilize the Cawayan River’s water flow to generate clean, sustainable energy.
A memorandum of understanding has been negotiated with indigenous peoples because the project is situated inside the ancestral domains of the Kalanguya, Ayangan, and Tuwali Indigenous Cultural Communities.
The certification prerequisite was additionally released by the National Commission on Indigenous Peoples (NCIP) in its entirety.
“We are pleased to welcome Exeter as we forge transformative alliances to advance clean energy and improve the lives of individuals. Although the development of hydropower projects may take some time, the advantages of clean, renewable energy are substantial and long-lasting, according to Eduardo Martinez, president of Lamut-Asipulo Mini Hydro Corp. (LAMHC).
The Ifugao hydropower project is a part of Alternergy’s plan to increase renewable energy capacity by 1,370 megawatts (MW) during the following five years.
Additionally, Alternergy is developing two hydropower projects: the 17.4-MW Kiangan Project in Kiangan, Ifugao, and the 4.6-MW Dupinga Project in Gabaldon, Nueva Ecija.
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