REDC acquires P6.3-B Pulangi hydropower project in Bukidnon

MANILA, Philippines — Repower Energy Development Corp. (REDC) has acquired a 95-percent stake in Maramag Hydropower Corp. (MHC) for the development of a P6.3-billion, 25-megawatt hydropower project in Bukidnon. The project will rise downstream of the Pulangi River, the same waterway that feeds REDC’s 18.2-MW Pulangi plant. Straddling Valencia City and San Fernando town, the