• Hedcor Sibulan, Inc. (HSI) is formed.
  • The consortium involving Hedcor and Davao Light and Power Company (DLPC) signs a 12-year Power Supply Agreement (PSA) in March 2007. Under the PSA, the consortium will supply DLPC with 200 GWh of energy annually.
  • The construction of the 42.5 MW Sibulan Hydro Project commences on June 25, 2007
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