Hydro power plant up-A A +A
Sunday, May 4, 2014
BUGUIAS, Benguet -- It’s all systems go for the Benguet Electric Cooperative (Beneco) mini-hydroelectric power plant.
Beneco, with stakeholders and Development Bank of the Philippines (DBP), formally signed the Memorandum of Agreement (MOA) for the three-megawatt Man-asok Mini Hydroelectric Power Plant in simple rites here Friday morning.
Beneco general manager Gerardo Verzosa, with village chiefs and elders of the five affected Indigenous Cultural Communities (ICCs) and Indigenous Peoples Organization (IPO) in Barangays Amgaleyguey, Lengaon, Bacolungan Sur, Barangay Sebang and Poblacion with the Buguias Ancestral Domain Alternative for Native Governance (Badang), signed papers approving the project.
The National Commission on Indigenous Peoples (NCIP) was present to oversee the event. It led the signing of the MOA after a successful Free Prior and Informed Consent.
The DBP bankrolled the project, a first in the Cordilleras, for P483 million. The three-megawatt plant is projected to have an annual average power generation of 15,000,000 kilowatt-hours (kWh).
The five affected barangays’ share will be P0.0667 per kWh produced in every year of power generation for the first 10 years of the plant’s operation.
Another P0.2667 per kWh will be given each area in every year of power generation for the remaining years of its operation.
Badang’s share will be P0.0175 per kWh for the first five years, P0.0250 per kWh on the 6th to 10th year, P0.0325 per kWh on the 11th to 15th year, P0.0400 per kWh on the remaining years.
Previously, Verzosa said hydro-powered plants may help lessen Beneco's dependence on more expensive from independent power producers and the National Power Corporation, thus lowering the generation cost to be paid by consumers here.
Published in the Sun.Star Baguio newspaper on May 05, 2014.