The Energy Regulatory Commission (ERC) on Monday handed over to SN Aboitiz Power-Benguet
Inc. (SNAP-Benguet) a certificate of approval for the rehabilitation works of the Binga hydropower plant in Benguet.
Actual rehabilitation works were completed in July and the power plant capacity was raised to 125.8 megawatts from 100 MW before the rehab started in 2010,
parent AboitizPower Corp. said in a disclosure to the Philippine Stock Exchange.
"That means that all units have undergone rehab and are now operating," SN Aboitiz vice president Mike Hosillos said in a text message to reporters.
The certificate is valid for five years and covers four units of the Binga plant with a total capacity of 125.8 MW and an economic life of 50 years.
The Binga hydro plant was privatized through a bidding which SN Aboitiz won for $325 million in 2007. — VS, GMA News