Philippine government plans US296 million hydropower, irrigation project

The Philippine government has signed a memorandum of understanding to develop a multi-purpose project for hydropower and irrigation in the country's Isabela province, news agencies reported.

The US$296 million project will generate 100 MW of power and will irrigate 41,7000ha of land, Xinhua news agency reported.

A timeframe for the project's completion was not available.

In other news, SMEC has been awarded a contract for feasibility studies of a pumped-storage addition to the Magat Hydroelectric Project (an existing 360-MW hydropower project) on the island of Luzon in the Philippines.

The project is being undertaken by a major private sector investor in power stations in the Philippines, SN Aboitiz Power (SNAP). SNAP includes Statkraft Norge (Europe's largest renewables company) in joint venture with the Aboitiz group, one of the largest conglomerates in the Philippines focusing on electricity, financial food and transport sectors.

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