^

Business

Czech Republic backs RP power program

- Donnabelle L. Gatdula -
The Czech Republic has extended support to the rural electrification efforts of the Philippine government with a grant for a mini-hydro power plant project.

In a contract signing yesterday, the Czech Republic has committed the installation of a 750-kilowatt mini-hydro power project to benefit about 27,000 residents in the Municilities of San Luis and Baler in Aurora province.

The 750-kW mini-hydro project will be constructed in Barangay Ditumabo, San Luis and will be financed through a P10- million grant from the Czech Republic.

As a counterpart funding, about P37-million seven-year loan will be provided by the Philippine National Bank (PNB) to San Luis for the project financing.

Energy Secretary Vincent S. Perez said the construction of the mini-hydro project is directly in line with two of the DOE’s current thrusts: rural electrification and promotion of renewable energy.

Perez noted that there are still 4,753 barangays in the country that are still without electricity.

The energy chief said that on-site development of appropriate renewable systems such as mini-hydro are sometimes the only viable alternative for bringing electricity to remote mountain barangays.

"The project will provide significant social benefits to the 27,000 residents of San Luis and Baler, but it will at the same time create employment during the construction and operational stages," the energy chief added.

BARANGAY DITUMABO

CZECH REPUBLIC

ENERGY SECRETARY VINCENT S

HYDRO

MINI

MUNICILITIES OF SAN LUIS AND BALER

PEREZ

PHILIPPINE NATIONAL BANK

PROJECT

SAN LUIS

SAN LUIS AND BALER

  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with