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Wednesday, January 20, 2021

SMEC wins Hydropower Project in the Philippines

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SMEC has been awarded a contract for feasibility studies of a pumped storage addition to the Magat Hydroelectric Project (an existing 360MW hydropower scheme) on the island of Luzon in the Philippines.

The project is being undertaken by a major private sector investor in power stations in the Philippines, SN Aboitiz Power (SNAP). SNAP includes Statkraft Norge (Europe’s largest renewables company) in joint venture with the Aboitiz group, one of the largest conglomerates in the Philippines focusing on electricity, financial, food and transport sectors. The potential of working with SNAP and other SN group companies worldwide makes this project an important strategic breakthrough for SMEC.

The Magat power facilty draws water from the Magat dam, a large rock-fill dam on Magat River, a major tributary of Cagayan River. The dam is one of the largest in the Philippines and is primarily used for irrigation, but the water is also used for other purposes such as generation of hydroelectric power.

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