Repower eyes 1,000-MW new hydropower projects
MANILA -Repower Energy Development Corp., the soon-to-list power firm of the Tiu family, plans to grow its renewable energy portfolio in the next five years by building hydro power projects with a potential combined capacity of 1,000 megawatts (MW).
Repower Energy president Eric Peter Roxas explained that while hydro plants required more capital and were therefore more costly to develop, the returns on investment can be massive for their bottom line, and recurring income can last up to 100 years or more.