(SeeNews) - Jan 8, 2014 - Philippine-based Hydrotec Renewables Inc has won several contracts from the Department of Energy (DOE) for the construction of 25 MW-30 MW of small hydropower plants (HPPs), news portal InterAksyon said Tuesday.
The company has received eight renewable service contracts, including certificates of registration, from the DOE for its HPP projects along the Marikina river.
Hydrotec Renewables will pour between PHP 2.3 billion (USD 51m/EUR 38m) and PHP 2.7 billion in the HPP projects, which are to be constructed in Rodriguez city, San Mateo City, Marikina city and Antipolo city. It has already started preparing the sites for the launch of construction activities. One HPP will be built in between six and eight months. Equipment for the stations will be supplied by German manufacturers, according to the report.
All eight hydropower facilities are to be operational by 2016.
(PHP 10 = USD 0.223/EUR 0.164)