Connect with us

Hi, what are you looking for?


Alternergy secures water permit for mini hydropower project in Ifugao province

RENEWABLE energy company Alternergy Holdings Corp. said its unit has secured a water permit from the National Water Resources Board for the Ibulao run-of-river hydropower project.

Eduardo M. Miranda, president and chief executive officer of Alternergy subsidiary Ibulao Mini Hydro Corp., said in a media release that the award of the water permit is a “significant milestone” in the development of the project.

Ibulao 2 hydropower plant forms part of the group’s portfolio of projects in Ifugao province.

Mr. Miranda said the 17.4-megawatt (MW) Asin-Hungduan and Ibulao 1 projects located in the municipality of Kiangan in Ifugao are now under construction. Alternergy’s 6.8-MW project in Ifugao’s Lamut and Asipulo towns is being readied for construction

“In the coming months, we will commence the conduct of the activities to obtain the Free and Prior Informed Consent (FPIC) of our host indigenous cultural communities. This is a long and tedious process but we already gained experience from our other projects. We are confident in due course we will have the consent of the communities,” Mr. Miranda said.

Ibulao 2 run-of-river hydropower project will involve the construction, and operation of a 7.4-MW hydropower plant in Brgy. Bolog in Kiangan and Brgy. Caba in Lagawe.

Ibulao 2 is part of Alternergy’s plan to expand its portfolio in five years. The renewable energy company aims to develop up to 1,370 MW of renewable energy sources such as onshore and offshore wind, solar and run-of-river hydropower projects.

Alternergy targets to hold on March 24 an initial public offering of shares to raise up to P1.87 billion. Proceeds from the offering will fund the pre-development stage of its projects currently in the pipeline, including the Ibulao 2 hydropower project. — Ashley Erika O. Jose

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



Notice of Annual Stockholders’ Meeting Please be notified that the Annual Meeting of Stockholders of Semirara Mining and Power Corporation (the “Corporation”) will be...


San Buena Farm is now able to communicate with its key accounts because of satellite broadband. In the Philippines, agricultural sector contributes 9.4% to...

Editor’s Pick

<?xml encoding=”utf-8″ ??> 2023 has been challenging for business so far, but a new poll of SMEs in England from the Join the Skills...


GENERAL view of a public market in Quezon City, Metro Manila, Philippines, Feb. 9, 2023. REUTERS/Eloisa Lopez THE WORLD BANK downgraded its growth forecast...


Sheets five-dollar bills are seen through a magnifying glass at the Bureau of Engraving and Printing in Washington March 26, 2015. —REUTERS/Gary Cameron/File Photo...


REUTERS HOUSING prices across the Philippines grew at a faster annual pace in the fourth quarter, driven by strong demand for duplex housing units and...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.