Hedcor Inc. -- a wholly-owned subsidiary of AboitizPower Corporation -- has broken ground on its 7-MW Tudaya 2 hydropower project.
The US$23,576,600 Tudaya 2 plant will use water from Tudaya Falls, which is located within the Mount Apo National Park in the Philippines' Davao del Sur Province.
The project will provide "reliable, dependable and competitively priced power, thereby strengthening the region's position as a destination for business, investment and tourism," according to AoitizPower President Erramon Aboitiz.
Power generated by the Tudaya 2 plant will primarily be sold to the Davao del Sur Cooporative Inc. (DASURECO), which hopes it will reduce its carbon dioxide emissions by more than 30,000 tons per year.
AboitizPower says Tudaya 2's carbon neutrality qualifies it for registration under the United Nation's Framework Convention on Climate Change as a Clean Development Mechanism (CDM) project, allowing the company to cell certified emission reduction units (CERs) to industrialized countries.
HydroWorld.com previously reported that two of AboitizPower's Filipino projects -- the Ambuklao and Binga hydropower plants -- gained CDM status in June 2011.
"As one of the largest producers of renewable energy in the country, the Tudaya Hydro 2 is our contribution to the worldwide effort to reduce greenhouse gas emissions," says Hedcor President Rene Ronquillo.
Tudaya 2 is scheduled to be completed during the first quarter of 2014. AboitzPower says the hydropower project will create more than 400 employment opportunities.