Municipality of Jabonga, Agusan del Norte
July 12, 2023
President Ferdinand R. Marcos Jr. lauded the private sector energy firms from the Philippines and Japan for its partnership that led to the development and operation of the 24.9-megawatt Lake Mainit Hydroelectric Power Plant which he inaugurated today in the Municipality of Jabonga, Agusan del Norte.
The hydroelectric power plant is another fulfillment of the President’s first State of the Nation Address (SONA) target in mitigating the impact of climate change and combating other environmental threats through advancing renewable energy for the benefit of the Filipino people.
“The development of this hydropower site is a defining step towards our goal of securing much-needed power for the people of Agusan del Norte and its neighboring areas by taking advantage of its water resources. The Lake Mainit hydroelectric run-of-river power project offers several benefits and is expected to sustainably serve around 45,000 households,” the President remarked in his keynote speech.
Apart from providing accessible and affordable renewable energy to Agusan del Norte and neighboring areas, the hydroelectric power plant is expected to generate socioeconomic opportunities for the local people and help reduce carbon footprint that will improve air quality in the Province since hydroelectric power produces very low or zero carbon emissions during electricity generation.
“This project was made possible because of the shared commitment we have with our reliable partners in the private sector from both the Philippines and Japan….The partnership you have forged for the development and operation of this hydroelectric power project in Agusan del Norte is a manifestation of the trust and support our two nations hold towards each other,” President Marcos Jr. said.
The Chief Executive called on the private sector to invest on renewable energy and power generation in the Philippines, saying that his Administration will continue to improve bureaucratic processes in the energy sector to make it easier for investors.
“This lies at the very core of the eight-point socioeconomic agenda as well as our commitment to mitigate the impact of climate change and combat other environmental threats,” he stated.
The 24.9-Megawatt Lake Mainit Hydroelectric Power Plant is a joint partnership between the Philippines’ Markham Resources Corporation and Japanese firm J-POWER. Aside from providing dependable and affordable energy solutions, both companies are committed to decreasing its carbon footprint in the hydroelectric power plant’s operations.
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