NIA, First Gen to develop hydro power at Aya Dam
The National Irrigation Administration (NIA), and First Hydro Power Corporation signed a Memorandum of Understanding (MOU) to develop a hydroelectric power project at the Aya Dam located in Pantabangan, Nueva Ecija.
The MOU, forged by NIA Administrator Ricardo R Visaya and First Hydro Vice President Dennis Michael P Gonzales, will complement with the existing Pantabangan-Masiway Hydroeletric Power Plant through an acceptable scheme under existing laws, such as the Renewable Energy Act of 2008 (Republic Act No. 9513), among others.
In line with this, First Gen has requested NIA’s permission to conduct a comprehensive feasibility study of the project, including but not limited to, legal, economic, social, financial, and technical viability.
NIA was also permitted do the same activities as part of the deal.