Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

SN Aboitiz taps GEDI to build battery storage expansion in Isabela

ABOITIZPOWER.COM

SN ABOITIZ POWER Group has tapped a Chinese firm to build the second phase of its Magat Battery Energy Storage System in Ramon, Isabela with a capacity of 16 megawatts.

The company awarded the engineering, procurement and construction agreements to international engineering company GEDI China Energy, a unit of state-owned China Energy Engineering Corp., it said in a statement on Monday.

The expansion builds on the first phase of its 24-MW Magat battery storage system, which started commercial operations in January.

The company is targeting to start the construction of the second phase in the first half of 2025, with commercial operations slated by the first half of 2026.

Chuangang Guo, deputy general manager at GEDI international branch, vowed to deliver the project “with high-quality performance.”

SN Aboitiz Group President and Chief Executive Officer Joseph S. Yu said the Magat battery storage expansion underscores the company’s “mission to lead in the renewable energy space and accelerate the country’s transition to a more sustainable energy future.”

SN Aboitiz is a joint venture of Aboitiz Power Corp. and Norwegian company Scatec ASA.

It owns and operates the 112.5-MW Ambuklao and 140-MW Binga hydroelectric power plants in Benguet and Magat hydroelectric power plant with a capacity of up to 388 MW on the border of Isabela and Ifugao.

It also owns and operates the 8.5-MW Maris hydro and 24-MW Magat BESS in Isabela. — Sheldeen Joy Talavera

    You May Also Like

    Finance

    Homebase is set to return in a slimmed-down format after the DIY chain’s collapse last month, with its new owner CDS confirming plans to...

    Stock Markets

    When it comes to providing accommodations that have all the makings of a second home in the best Philippine destinations, Astoria Hotels and Resorts...

    Stock Markets

    Typically, any match featuring Stephen Curry and Kevin Durant would translate to compelling hoops. And, in terms of sheer drama, their meeting yesterday did...

    Stock Markets

    From left to right: Vlademir Dela Cruz, SVP Business Development and Communications Group at CIC; Ninotchka Sulit, director-head of FinTech Sales at TransUnion; Arra...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.