NIA Central Office – The National Irrigation Administration (NIA), represented by Administrator Ricardo R Visaya, and First Hydro Power Corporation, represented by Vice President Dennis Michael P. Gonzales, signed on October 08, 2019 a Memorandum of Understanding (MOU) to develop a hydroelectric power project at the Aya Dam located in Pantabangan, Nueva Ecija.
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, to which NIA has permitted the former to conduct the same.
The MOU 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.
The MOU signing was witnessed by NIA Deputy Administrator for Administrative and Finance Sector Romeo G Gan and other First Gen executives at the Administrator’s Conference Room, 2nd Floor, Building A.