Source link : https://tech365.info/philippines-palms-over-strategic-hydropower-advanced-to-non-public-consortium-cleantechnica/
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The Philippine authorities has formally turned over operations of the Caliraya–Botocan–Kalayaan (CBK) Hydroelectric Energy Plant complicated in Laguna to the Aboitiz-led Thunder Consortium, finishing one of many nation’s most consequential energy sector privatizations at a time when grid flexibility is turning into simply as vital as sheer technology capability.
The Thunder Consortium gained the CBK complicated with a P36.27-billion bid underneath the privatization program of the Energy Sector Belongings and Liabilities Administration Corp. (PSALM). With an put in capability of roughly 797 megawatts, CBK isn’t just one of many largest hydropower property within the Philippines, additionally it is probably the most technically strategic, because of its pumped-storage services that perform as grid-scale vitality storage.
The consortium is led by Aboitiz Energy Corp. by means of its renewable vitality arm, Aboitiz Renewables Inc., which holds a 64% stake. Its companions embody Japan’s Sumitomo Corp. and Electrical Energy Growth Co., underscoring continued worldwide curiosity in Philippine clear vitality infrastructure—even amid international financial uncertainty.
On the ceremonial turnover, AboitizPower chairman Sabin M. Aboitiz emphasised that CBK’s worth goes far past megawatts delivered to the grid.
“This plant is more than a…
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Author : tech365
Publish date : 2026-02-09 22:42:00
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