NIA-Snap Signed Memorandum of Agreement

July 27, 2011, 9:45 AM

National Irrigation Administration (NIA) and SN Aboitiz Power Corporation (SNAP) signed the Memorandum of Agreement signaling the start of the conduct of a Feasibility Study on the MARIS Reservoir Optimization Project. The study will be undertaken by SN Aboitiz Corporation with NIA providing assistance. The project aims to a) increase the operating range of MARIS Reservoir thus providing more live storage, and hence, allowing irrigation releases and power generation to be optimized, b) allow the existing MARIS Dam to be upgraded to meet international standards of safety, and c) investigate possible improvements to the irrigation outlet works at MARIS Dam. Optimization of MARIS Reservoir will allow NIA and SNAP to realize the benefits of increasing the maximum elevation of MARIS Reservoir from 104.75 masl to 108 masl.

Signing the MOA for NIA is Administrator Antonio S. Nangel and for SNAP is its President Emmanuel V. Rubio. Witnessing the signing are Atty. Genever M. Dionio - Department Manager of NIA Legal Services and Engr. Celso C. Caballero III - Assistant Vice President for Business Development of SNAP.