Hedcor, Inc.
Hedcor, Inc. is the leading producer of clean and renewable energy and is the largest developer of run-of-river hydropower in the Philippines. It is a wholly-owned subsidiary of Aboitiz Power Corporation and was formed in 2005 with the merger of three AEV hydropower subsidiaries that have been in operation for more than 20 years. Those subsidiaries were Benguet Hydro Corporation, Hydro Electric Development Corporation, and Northern Mini Hydro Corporation.
Hedcor, Inc.'s mission is to power sustainable development with Cleanergy – its brand of energy. Hedcor, Inc.’s visions is to make Cleanergy available to every Filipino.
Hedcor, Inc. manages 10 mini hydropower plants in Benguet and five in Talomo, Davao - all of which are ISO 9001 and ISO 14001 certified and are owned and operated by the company. The Talomo generating facilities were acquired by the company in March of 2004 through the first ever successful bid conducted by the Power Sector Assets and Liabilities Management Corporation (PSALM).
Hedcor, Inc. now owns and operates 15 hydropower plants with a total installed capacity of 38.22 megawatts of clean and renewable energy. More than 90 percent of its generated power is sold to the National Power Corporation while the remaining 10 percent is sold to Davao Light and Power Company, San Fernando Light and Power Company, Benguet Electric Cooperative, and Philex Mining Corporation.
Hedcor, Inc. has generated 3,115 gigawatt-hours of clean energy since 1985. This has prevented the release of about 1.6 million kilograms of carbon dioxide into the atmosphere if the same amount of energy were produced making use of coal. It has also generated foreign exchange savings worth US$382 million or Php18.3 billion if the same amount of energy were sourced from imported oil products.
Through its 50% ownership with Luzon Hydro Corporation, Hedcor, Inc. operates and manages the 70-megawatt Bakun AC hydro project located in Alilem, Ilocos Sur. The US$150 million Bakun AC Plant went on-stream in October 2000 and is under the government’s build-operate-transfer scheme. The plant is rated to generate 217 gigawatt-hours of power annually and its energy produced is delivered and taken up by NPC and dispersed to its Luzon Power Grid for distribution.
www.www.hedcor.com.com
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