AboitizPower wholly owned subsidiary Hedcor, Inc. eyes Clean Development Mechanism (CDM) registration of the Irisan 1 Hydropower Project in Tadiangan, Tuba and Tudaya 1 and 2 Hydropower Projects in Davao del Sur.
The 3.8 MW Irisan 1 run-of-river hydropower project is expected to generate 11 million kilowatt-hours of energy. With this amount of energy, 6,000 ton of equivalent carbon dioxide (CO2e) is prevented from being released into the atmosphere and is tantamount to 6,000 Certified Emission Reduction (CER) credits. While the 13.6 MW Tudaya projects will displace approximately 65,000 tons of equivalent CO2e in the atmosphere when the plants start to generate 78.44 million kilowatt-hours of clean energy annually.
CDM is the first global, environmental investment and credit scheme of its kind, allowing industrialized countries to buy CER credits from emission reduction projects in developing countries. These CER credits can be used to meet a country’s emission reduction target under the Kyoto Protocol.
The hydro company is no stranger to the CDM. In 2008, the 42.5 MW Sibulan run-of-river hydropower plant in Sta. Cruz, Davao del Sur was certified as the first hydropower CDM project in the Philippines.
The Irisan 1 hydropower project broke ground in October last year and is presently under construction. On the other hand, Tudaya project is currently working its permits to start the construction. The projects will be in addition to the 18 run-of-river hydropower plants operated by Hedcor in Benguet and Davao.
Clean Mechanism. Auditors inspect Hedcor’s Irisan 1 hydropower project for accreditation as a Clean Development Mechanism (CDM) project. CDM allows emission reduction projects in developing countries to obtain certified emission reduction (CER) credits which are traded and sold to industrialized countries to meet emission reduction targets.