Thursday, 25 February 2010

Austrian investor keen on P14-B Iloilo dam project

Francis Allan L. Angelo
BusinessWorld
http://www.bworldonline.com/main/content.php?id=6726

ILOILO CITY -- An Austrian firm is interested to build a P14-billion dam in Iloilo, the National Irrigation Administration (NIA) in Western Visayas said.

Edilberto F. Lomigo, NIA-Western Visayas manager, said the company offered to construct the dam at the Jalaur and Ulian Rivers in the towns of Calinog and Lambunao. The project is part of the Jalaur River Multi-Purpose Project.

“We requested the company to submit their letter of intent to the National Economic and Development Authority (NEDA) central office that they are interested in the project,” Mr. Lomigo added. He did not name the company pending the submission of its letter of intent.

Mr. Lomigo said the 106-meter dam will have two reservoirs with a total holding capacity of 340 million cubic meters of water. Three catching dams will also be constructed at the tributaries of the two rivers.

The dam will provide water for the cropping demands of the existing 22,000 hectares of rice fields in Iloilo and an additional 12,000 hectares.

“Aside from the irrigation system, the dam will also supply potable water to the municipalities of Lambunao and Calinog, and Iloilo City,” Mr. Lomigo said.

The project will also include a 2.5-megawatt power plant that can provide electricity to the two towns.

Mr. Lomigo said the project can be completed in seven to nine years, including detailed engineering works.

“This is a long-term project but we are optimistic that this project will be materialized soon. It has been in the pipeline for some time already but we were not able to finalize it for lack of investors,” Mr. Lomigo said.

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