Because of the country’s archipelagic nature and physical characteristics, the rivers and streams in the Philippines have a high potential for hydropower projects that can be distributed throughout all the regions. As more and more local manufacturers rely on alternative power sources, there is an emerging opportunity for investments in the hydropower industry.
Key Players
Major active players already in the country include Aboitiz Power, FirstGen Hydro Power, and San Roque Power.
Warning: Undefined variable $transition_delay in /var/www/html/philippines.business/wp-content/themes/stockholm/vc_templates/vc_single_image.php on line 226
Key Statistics
[icon_text box_type=”normal” icon_pack=”font_awesome” fa_icon=”fa-umbrella” icon_type=”normal” icon_size=”fa-5x” icon_animation=”q_icon_animation” icon_animation_delay=”400″ icon_position=”top” title=”2,360 mm” title_tag=”h2″ text=”Annual average rainfall that can be generated into hydro power” icon_color=”#ffffff” title_color=”#ffffff”]
[icon_text box_type=”normal” icon_pack=”font_awesome” fa_icon=”fa-lightbulb-o” icon_type=”normal” icon_size=”fa-5x” icon_animation=”q_icon_animation” icon_animation_delay=”100″ icon_position=”top” title=” Over 10,500 MW” title_tag=”h2″ text=”Potential hydropower production of the Philippines” icon_color=”#ffffff” title_color=”#ffffff”]
[icon_text box_type=”normal” icon_pack=”font_awesome” fa_icon=”fa-map” icon_type=”normal” icon_size=”fa-5x” icon_animation=”q_icon_animation” icon_animation_delay=”200″ icon_position=”top” title=”474″ title_tag=”h2″ text=”Awarded Hydropower projects throughout the country” icon_color=”#ffffff” title_color=”#ffffff”]
[icon_text box_type=”normal” icon_pack=”font_awesome” fa_icon=”fa-link” icon_type=”normal” icon_size=”fa-5x” icon_animation=”q_icon_animation” icon_animation_delay=”300″ icon_position=”top” title=”2,950 MW” title_tag=”h2″ text=”Hydropower supply to grid and off-grid areas in the country” icon_color=”#ffffff” title_color=”#ffffff”]
[icon_text box_type=”normal” icon_pack=”font_awesome” fa_icon=”fa-life-saver” icon_type=”normal” icon_size=”fa-5x” icon_animation=”q_icon_animation” icon_animation_delay=”100″ icon_position=”top” title=”Over 16%” title_tag=”h2″ text=”Power contribution to the country’s national energy supply ” icon_color=”#ffffff” title_color=”#ffffff”]
[icon_text box_type=”normal” icon_pack=”font_awesome” fa_icon=”fa-money” icon_type=”normal” icon_size=”fa-5x” icon_animation=”q_icon_animation” icon_animation_delay=”200″ icon_position=”top” title=”US$ 2 million/MW” title_tag=”h2″ text=”Average investment cost in starting a hydropower business” icon_color=”#ffffff” title_color=”#ffffff”]
[icon_text box_type=”normal” icon_pack=”font_awesome” fa_icon=”fa-bolt” icon_type=”normal” icon_size=”fa-5x” icon_animation=”q_icon_animation” icon_animation_delay=”300″ icon_position=”top” title=”Over 13,440 MW” title_tag=”h2″ text=”Target increase in hydropower capacity ” icon_color=”#ffffff” title_color=”#ffffff”]
Public-private partnerships
In order to establish strategic and long-term partnerships with the private sector, schemes such as Run-of-River Hydro help liberalize the approval of hydropower projects. Such initiatives highlight the Philippine industry’s advantages in comparison to neighboring countries.
Incentives
- Multi-year income tax holidays
- Reduced tax rate on gross income
- 0% duty on imports of equipment
- Tax credit on imports of raw materials and supplies
- Zero added tax for exports
Want to talk?
Request a free consultation with one of our investment specialists today.
[qbutton size=”large” target=”_self” font_weight=”” text=”Contact us now” link=”/contact”]