Thursday, December 8 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Dec 05
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Prime Infra firm to buy 500-MW Philippine pumped-storage hydro project


    September 9, 2022 - SeeNews Renewables

     

      September 9 (Renewables Now) - Ahunan Power Inc, a portfolio company of Prime Infra Capital Inc, has agreed to take control of the developer of a 500-MW pumped-storage hydroelectric project in the Philippines.

      More specifically, the company has signed a deal to buy a majority stake in Olympia Violago Water and Power Inc (OVWPI), according to a Friday press statement from Prime Infra, which is the infrastructure arm of Filipino businessman Enrique K Razon Jr.

      OVWPI is the firm behind the Wawa pumped-storage project in Rizal province that is expected to enter the construction phase next year. Ahunan Power itself is developing the 1,400-MW Ahunan pumped-storage hydro facility in Pakil, Laguna.

      “Ahunan’s hydropower projects are aligned with the government’s thrust to accelerate the development of renewable energy resources, and reduce heavy reliance on fossil fuels,” commented Guillaume Lucci, president and CEO of Prime Infra.

      The agreed acquisition will expand the energy storage portion of Prime Infra’s renewables portfolio by 6,000 MWh per day, which is defined by a maximum continuous generation at 500 MW for 12 hours, it said.

      Prime Infra’s pipeline also includes the huge Terra Solar project with a power generation capacity of at least 2,500 MW and a minimum of 4,000 MWh of battery energy storage, among other schemes.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.