Mindanao Development Authority has entered into a partnership with a French Energy Firm for the Olutanga Hydrogen Renewable Power Plant Project.
The duo has already signed a partnership for the project, which is the first of its kind in Southeast Asia and the Philippines.
A local report mentioned that Hydrogene de France Energy will produce non-intermittent and firm electricity in Zamboanga Sibugay Province and Pagadian City.
The project has been regarded as the “greener alternative” as it will be using only solar energy and water for electricity production.
This is a “renewable energy project that combines an intermittent renewable energy source, such as solar or wind, with hydrogen energy storage to provide stable and reliable electricity production,” the companies stated.
According to Mathieu Geze, HDF Energy’s Head of Asia Business Development, the project combined an intermittent renewable energy source with mass, long-term storing of energy via a hydrogen chain. He informed that the project can produce up to 45 megawatts of power.
The project is likely to enter into operation within two years.
The company informed that the project could generate more than US$50 million in jobs in the region.
