REDC acquires 95% stake in Maramag Hydropower project - Asian Power
Published January 02, 2026
REDC Acquires 95% Stake in Maramag Hydropower Project
Renewable Energy Development Corporation (REDC) has recently announced the acquisition of a 95% stake in the Maramag Hydropower Project, marking a significant step in the company's commitment to expanding its renewable energy portfolio in the Philippines. The project, strategically located in Bukidnon province, is expected to contribute substantially to the country's energy needs while promoting sustainable practices.
The Maramag Hydropower Project is a run-of-river facility with a total installed capacity of 10 megawatts (MW). This project is designed to harness the natural flow of water from the river, minimizing environmental impact while generating clean energy. The facility is anticipated to produce approximately 40 gigawatt-hours (GWh) of electricity annually, which will be fed into the Mindanao grid, helping to alleviate power shortages in the region.
REDC's acquisition highlights the growing interest in hydropower as a reliable and sustainable energy source in the Philippines. The country's geographical characteristics, with numerous rivers and a favorable climate, make it an ideal location for hydropower development. The government has been actively promoting renewable energy initiatives, aiming to increase the share of renewables in the national energy mix to 35% by 2030.
In a statement, REDC emphasized the importance of the Maramag Hydropower Project in achieving its long-term objectives. The company aims to enhance energy security and support the transition to a low-carbon economy. By investing in hydropower, REDC is positioning itself as a key player in the renewable energy sector, contributing to the Philippines' sustainability goals.
The investment in the Maramag Hydropower Project is part of REDC's broader strategy to diversify its energy portfolio. The company has previously invested in various renewable energy projects, including solar and wind farms. This latest acquisition reinforces REDC's commitment to renewable energy and its role in addressing the growing demand for clean energy solutions.
Local stakeholders have welcomed the acquisition, recognizing the potential benefits of the Maramag Hydropower Project for the community. The project is expected to create job opportunities during both the construction and operational phases, contributing to local economic development. Additionally, the project will provide a stable source of electricity, which is crucial for businesses and households in the area.
As part of its commitment to sustainability, REDC plans to implement measures that ensure the project operates in harmony with the local environment. This includes conducting thorough environmental impact assessments and engaging with local communities to address any concerns. By prioritizing sustainable practices, REDC aims to set a benchmark for future renewable energy projects in the region.
The Maramag Hydropower Project is also aligned with the Philippines' National Renewable Energy Program (NREP), which seeks to promote the development of renewable energy sources across the country. The NREP aims to attract investments in renewable energy technologies and enhance the country's energy resilience. With REDC's involvement, the Maramag project is poised to play a vital role in achieving these national objectives.
In conclusion, REDC's acquisition of a 95% stake in the Maramag Hydropower Project represents a significant advancement in the Philippines' renewable energy landscape. The project is set to deliver clean, sustainable energy to the Mindanao grid while contributing to local economic growth and environmental stewardship. As the country continues to navigate its energy transition, initiatives like the Maramag Hydropower Project will be crucial in building a sustainable energy future.
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