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Bacolod City, Philippines Saturday, March 10, 2018
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Hydro power plant endorsed


Ten host barangays in Mabinay and the municipal government unanimously endorsed the proposed hydroelectric power plant that is expected to spur economic growth in this farming-dependent town of Negros Oriental, a press release said.

Thousands of residents witnessed the signing of a memorandum of agreement recently between the municipal government and the Phinma Energy Corporation, the developer of the project.

“We welcome the coming of Phinma Energy in Mabinay because this will give opportunities to many of our constituents in terms of employment and livelihood,” Mabinay Mayor Ernie Uy said during the MOA signing, as one of the highlights of the 2018 Langub (Cave) Festival. The mayor was accompanied by members of the Sangguniang Bayan during the ceremony.

In a place naturally endowed with pristine mountains and abundant river systems, Mabinay offers a huge exploration for hydroelectric power development. The multi-million-peso investment could augment the much-needed economic jumpstart of the “Cave Capital of the Philippines”, the press release said.

The project could benefit local businesses in terms of supplying the infrastructure, operation, and service needs of Phinma Energy. With the main storage facility eyed in Barangay Manlingay, the project could also enhance transportation and accommodation businesses in the area.

The 10 host communities, located in the far-flung areas, are among the poorest in Mabinay with poor transportation access and sluggish economic activities. When the project starts, possible improvements will be seen in many aspects of the communities involved.

The Mabinay Hydro Electric Power Plant project has been awarded by the Department of Energy to Phinma Energy Corporation in September 2016 under DOE HSC No. 2016-06-0664. This is part of the DOE’s unrelenting effort to tap renewable resources, such as wind, solar and hydro power to address the dwindling power supply of the twin Negros provinces, the press release said.

Phinma is a partner of the local community in steering development and achieving the future that is envisioned for Mabinay, Kabankalan, Bayawan and the Negros Island, in general. The Ilog Hydro Electric Power Plant that Phinma hopes to build shall help meet the energy requirements for Negros’ key infrastructure and economic activities, the press release added.*


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