December 4, 2022

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Exeter and Alternergy join forces for Ifugao hydropower project

2 min read

Exeter Portofino Holdings, the holding company of civil society leader Sara Soliven-de Guzman, is in partnership with Alternergy Holdings Corp. for their run-of-river power plant project in Ifugao.

The Lamut-Asipulo hydroelectric project will use the water flow of the Cawayan River to convert it into clean and environmentally friendly renewable energy. The project site is within the ancestral domains of the indigenous cultural communities of Kalanguya, Ayangan and Tuwali.

A Memorandum of Agreement (MOA) with the Indigenous Peoples has been signed and the National Commission for Indigenous Peoples (NCIP) En Banc has issued the certification requirement.

With the addition of Exeter as a co-partner, the Lamut-Asipulo hydropower project is at an advanced stage of development and is expected to issue a construction progress notice in the coming months.

The Lamut-Asipulo hydropower project is part of Alternergy’s goal to build 1,370 MW of renewable energy capacity over the next five years.

“Exeter and Alternergy share the same commitment to sustainability and enhancing local communities and heritage. The Lamut-Asipulo hydropower project is also an opportunity for us to continue and expand the work our family started in Ifugao,” said de Guzman, Chairman of Exeter.

Her family sponsored by Dr. Preciosa Soliven, the UNESCO Secretary General of the Philippine National Commission, has been active in the preservation of the Ifugao heritage sites under the UNESCO program and has supported the improvement of children’s education in Ifugao through her Operation Brotherhood Community Foundation.

“Our family is deeply connected to Ifugao and we look forward to strengthening it together with Alternergy by using renewable energy and helping to improve the lives of Ifugaos,” she added.

“We’re excited to partner with Exeter as we build transformative partnerships to advance clean energy and impact people’s lives. While hydropower project development may be aging, the benefits of clean and renewable energy are long-term and significant,” said Eduardo Martinez Miranda, President of Lamut-Asipulo Mini Hydro Corp.

Photo credit: www.alternergy.com

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