July 8, 2013 – Energy Dept., A Brown unit to sign Surigao del Sur hydro power deal

abrown_admin
November 23, 2013
08:58 AM

A unit of A. Brown Company Inc. has signed a hydropower service contract with the Department of Energy (DOE) to develop a 25-megawatt (MW) hydropower project in Cantilan, Surigao del Sur.

In a disclosure Monday, A. Brown said the contract gives its wholly-owned subsidiary Hydrolink Projects Corporation exclusive rights to explore, develop and utilize Carac-an river’s hydropower resources.

Hydrolink went for the project after taking into consideration the the expected increase in power demand in the coming years and the scaled down power supply contract of Surigao del Sur II Electric Cooperative with the National Power Corporation, said A. Brown chairman Dr. Walter Brown.

“We would like to help them in this undertaking, and as a sign of our full and sincere intentions, we immediately commissioned a hydropower technical team to study the power potentials of the rivers in Surigao,” Brown said in a statement.

“The results of the study show that Carac-an river has the best potential for development,” he added.

Hydrolink president and A. Brown vice president for Business Development Roel Z. Castro said the company has conducted a pre-feasibility study of the river.

“We have already identified the most viable strategies for its development. We will now proceed to processing the necessary permits and coordinate with Surigao’s local officials for their support of the project,” he said.

The project is part of A. Brown’s plans to support the need for additional power capacities for electric cooperatives in Mindanao. — Danessa Rivera/GMA News

Source: https://www.gmanetwork.com/news/story/316495/economy/companies/energy-dept-a-brown-unit-sign-surigao-del-sur-hydro-power-deal