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Philippines approves energy contract for 350-MW SNAP-Ifugao hydro complex

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The Philippines Department of Energy has approved a renewable energy service contract with SN Aboitiz Power Group for the proposed three-plant 350-MW SNAP-Ifugao hydroelectric complex in the Philippines.

SNAP-Ifugao, a joint venture of SN Power of Norway and Aboitiz Power of the Philippines, is developing the 100-MW Alimit hydro plant, the 240-MW Alimit Pumped-Storage project and the 10-MW Olilicon hydro plant, all in Ilfugao Province.

SNAP-Ifugao said the original certificate of registration for the complex will be released upon posting of the required performance bond. The contract includes a 25-year term, renewable for another 25 years.

SNAP-Ifugao is SN Aboitiz Power's first major project under its greenfield development program that examines potential large and small hydro sites, primarily within its host communities in northern Luzon. SN Aboitiz already operates the 105-MW Ambuklao, 125.8-MW Binga and 360-MW Magat hydroelectric projects.

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