The National Irrigation Administration (NIA) signed a memorandum of understanding on the conduct of feasibility study for the Alimit multipurpose dam project in in Ifugao Province with SN Aboitiz Power (SNAP).
The agreement signed last week calls for the determination of the feasibility of the project that is expected to be used for irrigation, flood reduction in the province of Cagayan and additional hydropower generation for the Luzon Grid.
NIA said the Alimit project will benefit agriculture, aquaculture, tourism and industry.
SNAP which is a joint venture between AboitizPower and Norwegian renewable power producer, SCATEC ASA, originally planned the Alimit hydropower complex. The first phase involves the construction of a 120 megawatts (MW) Alimit plant and a 20 MW Olilicon plant at a cost of $450 to $550 million.
The second phase is a 250 MW Alimit pump storage hydro facility.
The Alimit hydro project was earlier put on hold due to issues related to permitting and power lines.
