by ayan c. mellejor
A renewable energy developer and a Chinese engineering contractor are set to undertake the design, procurement and construc-tion of the proposed USD1-Billion Wawa Pumped-Storage Hydropower Pro-ject (PSP) in Rizal pro-vince.
This developed after the two firms, Olympia Violago Water and Power, Inc. and the Power Cons-truction Corporation of China (POWERCHINA) sealed a deal for the design, procurement and construc-tion of the 500 megawatt Wawa PSP, which is seen to boost grid management and provide clean energy. The construction of the project will start by the end of the year and the targeted commissioning in early 2022.
“The Wawa pump storage project is one of the Philippines’ most strate-gically important power generation assets in terms of ensuring the immediate reduction of power prices,” said David Russell in an interview.
Russell, Equis chair, said the Wawa PSP is an energy storage asset capa-ble of delivering 500MW of mid merit and peak energy to the Philippine power market.
The project is being developed by San Lorenzo Ruiz Builders and Deve-lopers (SLRB) and Equis Energy (Equis) which is known as the Asia Paci-fic’s largest renewable energy Independent Power Producer (IPP). SLRB which partnered with Cleanergy Phils., pio-neered the construction of the US$680 million Casec-nan multipurpose project that now irrigates 137,000 new hectares of rice land in Nueva Ecija while producing 150 MW of hydropower.
Russell said the project will greatly assist in grid management and provide cheap and reliable peaking power that will significantly contribute to the Philippine government’s push to triple renewable energy genera-tion capacity by 2030.
Russell takes pride in the performance of Equis as an IPP. “Since our founding in 2012, Equis has completed 100 percent of the power projects on which we have commenced construction, an enviable track record we attribute to our strong commitment to building expert local management teams that understand how to engage with local stakeholders,” he said.
Equis is based in Singapore but operates in 15 Asian offices. It owned 97 renewable energy assets totaling 4.4 GW across Australia, India, Indonesia, Japan, the Philippines, Taiwan and Thailand and another 74 assets and 6,7 GW under development. The company has a current portfolio of 4.4 GW.
Meanwhile, OVPI and SLRB Chair Oscar Violago said their company is com-mitted to deliver a project of national significance, with best technology that will not only provide gainful employment for the local communities.
He also ensured a stable supply of energy for generations of Filipinos to come.
Violago cited the part-nership with POWER-CHINA being one of the top players in the global power industry.
POWERCHINA under its president for Asia-Pacific, Ji Xiaoyong, vowed to work with OVPI to utilize the state of art technology and deliver a successful PSP project to Filipinos. POWERCHINA provides comprehensive and full range services from planning, investigating, designing, consulting and civil works construction, to M&E installation and manufacturing services in the fields of hydropower, thermal power, new energy and infrastructure.