Taft small hydro power plant
Sector: Hydro • Location: Philippines
Source: World Bank Group
The project entails the construction of the 16MW Taft small hydro power plant in the Philippines. The plant is located on the Tubig River in Eastern Samar and has a yearly capacity of 70GWh, which connects to the Visayas grid. It will supply electricity to Samar Island and Leyte Province. The project company is Taft Hydroenergy Corporation (THEC), majority-owned by Caloocan-based Magis Energy. The
- Status
- Prospective
- Sector
- Hydro, Power Generation (CCGT), Power Transmission, Government, Commercial
- Location
- Philippines
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The project entails the construction of the 16MW Taft small hydro power plant in the Philippines. The plant is located on the Tubig River in Eastern Samar and has a yearly capacity of 70GWh, which connects to the Visayas grid. It will supply electricity to Samar Island and Leyte Province. The project company is Taft Hydroenergy Corporation (THEC), majority-owned by Caloocan-based Magis Energy. The SPV received a P1.0 billion ($19.41 million) loan from the Development Bank of the Philippines (DBP), under DBP's Financing Utilities for Sustainable Energy Development. The project is expected to start commercial operations in H2 2022. Financial close was achieved on 20 January, 2022. Realfin https://mb.com.ph/2022/01/20/dbp-funds-p2-b-green-energy-projects/ |
Original sector | Energy |
Budget |
Location
Country | Philippines |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Hydro, Power Generation (CCGT), Power Transmission, Government, Commercial |
Article published date | 2024-09-19 |
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