NEW BATAAN, Compos-tela Valley — Renewable energy company Euro Hydro Power (Asia) Holdings Inc. (EPHI) is investing P95 billion for the establishment of hydro power pro-jects in Mindanao.
Alan Uy, president and chief executive officer of the company, said Tuesday during the ground breaking ceremony of its New Bata-an mini hydro plant that these projects will have combined capacity of 571 megawatts. The plants, he added, are expected to be set up in the next five years.
This, he said, developed after noting the need to augment the power supply in Mindanao. To pursue its plans, EPHI will tap 129 rivers in the island.
“Five years ago, we dreamed to come up with a project that will benefit the community that is affordable, reliable and environment-friendly project anchored in the problem to address the power supply in Mindanao,” he said.
The first to be constructed was its P490-million mini hydro plant in New Bataan, which has a capacity of 2.4 MW. (MindaNews)
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