Project Updates

Sibulan Hydropower Project

The 42.5MW Sibulan Hydropower Project involves the construction of two cascading hydropower generating facilities. The project taps the Sibulan and Baroring Rivers for hydropower generation estimated to be 212GWh of clean and renewable energy annually. Generated energy will be delivered to the Davao Light and Power Company (DLP C).

The Project is undertaken by Hedcor Sibulan, Inc. (HSI), the special- purpose company organized to enter into contracts for the development, construction, and operation of the Project.

The Project was registered under the United Nations Framework Convention on Climate Change (UN FCCC) as a Clean Development Mechanism (CDM) Project on June 5, 2008. Through CDM, HSI will sell “certified emission reduction” units (CERs) as a result of reducing GHG emissions by more than 95,000 tCO2e, annually. The Project is the first CDM-registered hydro project in the Philippines and the largest among registered renewable energy projects in terms of generating capacity.