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Manila Bulletin devider Business devider Trade & Industry devider Repower Energy inaugurates first hydropower asset in Mindanao

Repower Energy inaugurates first hydropower asset in Mindanao

Published Dec 5, 2025 02:44 pm
Listed renewable energy (RE) firm Repower Energy Development Corp. (REDC) has begun operating its first run-of-river hydropower facility in Mindanao, making it one of the first RE projects qualified for the fourth round of feed-in tariff (FIT-4).
In a statement on Friday, Dec. 5, REDC said it has inaugurated the 18.2-megawatt (MW) Pulangi hydropower project in Valencia City and San Fernando in Bukidnon province. This is the company’s ninth operating power asset.
The run-of-river asset is also considered to be one of the first plants eligible for the Energy Regulatory Commission’s (ERC) FIT-4 round at a ₱6.38 per kilowatt-hour (kWh) preliminary rate.
FIT-4 provides a fixed and long-term payment per kilowatt-hour (kwh) for the power produced by the plant.
Pulangi hydropower project, which is valued at ₱4 billion, was launched after the testing and commissioning phase, which began last month.
The company is expecting the facility to produce 130 gigawatt-hours (GWh) of clean power annually.
Eric Y. Roxas, REDC president, believes that its first Mindanao facility would help increase its portfolio of renewable projects.
“The commissioning of the Pulangi hydropower plant underscores our commitment to creating reliable, sustainable, and community-aligned energy projects,” he said.
“Hydropower continues to play a vital role in securing the country’s clean energy future, and we are proud to help strengthen Mindanao’s RE infrastructure.”
The asset was financed through the initial public offering (IPO) that began in 2023, and through a ₱2.6-billion loan secured from Land Bank of the Philippines (LandBank) in 2022.
Apart from this, REDC is set to complete its 4.5-MW Piapi hydropower by 2027.
Earlier this week, the company announced its majority stake in the 25-MW Pulangi IV hydropower facility owned by Maramag Hydropower Corp. (MHC). Repower purchased a 95-percent stake valued at ₱32 million.
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