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Agusan Hydroelectric Power Plant

Sector: Hydro • Location: Philippines

Source: World Bank Group

Project
Active

In June 2004, First Generation Holdings Corp. (First Gen) won the contract to purchase the 1.6-MW Agusan Hydroelectric Power Plant in Manolo Fortich, Bukidnon. The Power Sector Assets and Liabilities Management Corporation (PSALM) said First Gen offered the highest bid for the Agusan power plant at US$1.5 million. First Gen was the energy arm of the Lopez Group. First Gen bested two other bidders

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The project “Agusan Hydroelectric Power Plant” is an infrastructure initiative in the Hydro sector, located in Philippines. Taiyo aggregates data on it from World Bank Group.

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Description

Description

In June 2004, First Generation Holdings Corp. (First Gen) won the contract to purchase the 1.6-MW Agusan Hydroelectric Power Plant in Manolo Fortich, Bukidnon. The Power Sector Assets and Liabilities Management Corporation (PSALM) said First Gen offered the highest bid for the Agusan power plant at US$1.5 million. First Gen was the energy arm of the Lopez Group. First Gen bested two other bidders: Hydro Electric Development Corp. and Sta. Clara International Corp. In April of 2004, the Philippine government launched a planned US$5 billion divestiture of the power assets of state-owned National Power Corp. (Napocor) through PSALM. The Agusan plant was one of 35 owned by Napocor, which the government had planned to divest in order to trim the firm's debts. None None

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