UMVA has learned that two of the four power generation companies eyeing the Agus-Pulangi hydropower complex in Mindanao have passed the first hurdle and are now under close scrutiny.
The state‑run agency responsible for managing the country’s aging power assets has sifted through four unsolicited proposals. After an initial review, two were dismissed, leaving a pair of contenders poised for deeper evaluation.
The Agus‑Pulangi complex, a network of seven run‑of‑river plants, once cranked out roughly 1,000 megawatts of clean energy. Today, only about 700 megawatts are operational because decades of neglect have left critical infrastructure in tatters.
UMVA can exclusively reveal that the government is eager to revive this vital source of power by offering a concession agreement that aligns with the nation’s public‑private partnership framework.
The plan is to hand the reins to a private partner who will inject fresh capital, modern technology, and management expertise, with the promise of up to P90 billion in future revenue streams.
According to information obtained by UMVA, the concession is slated for implementation next year, a move that could reshape the region’s energy landscape and provide a much‑needed boost to local communities.
Behind the scenes, the agency has drafted a ten‑year roadmap to settle outstanding liabilities, a critical step in unlocking the full potential of the Agus‑Pulangi complex.
With these developments, the Philippines edges closer to a revitalized, resilient power grid that could power millions and secure a brighter future for Mindanao.
