Repower Energy Development Corp. (REDC), a subsidiary of businessman Dexter Tiu’s Pure Energy Holdings Corp., has signed a memorandum of agreement (MOA) with Austria-based Gugler Water Turbines GMBH (Gugler) for the development of seawater pumped storage projects across designated sites in the Philippines.
The collaboration aims to establish a 320 megawatt seawater-pumped storage facility in the Luzon region, making REDC the first energy developer to include such projects in its portfolio.
The proposed project will be located at an elevation of approximately 300 meters above sea level, utilizing the coastline for efficient seawater intake.
REDC has already identified a suitable area in Luzon for the development of the initial 320MW facility. To initiate the process, the company is in the process of obtaining endorsements from local government units (LGUs) and indigenous communities, ensuring the necessary support for the pilot project’s construction, which is planned to have a capacity of 50MW.
Eric Peter Y. Roxas, president and CEO of REDC, cited Gugler’s expertise in state-of-the-art turbine technology. He also highlighted the potential for replicating Gugler’s success in South Korea and their shared goal of providing clean energy to uplift communities’ living standards.
Roxas said REDC’s ongoing construction of run-of-the-river hydropower projects in provinces like Bukidnon and Quezon, combined with the agreement with Gugler, would enhance REDC’s capabilities as an emerging player in the hydropower sector.
Gugler, known for its advanced turbine technology, is the technology partner of Korea Midland Power Co., which operates the Shinseocheon seawater hydropower plant in South Korea.