A consortium led by Aboitiz Renewables Incorporation (ARI) has secured the rights to operate the 728 MW Caliraya-Botocan-Kalayaan Hydroelectric Power Plant Complex in Laguna, Philippines. The Thunder Consortium—comprising ARI, Japan’s Sumitomo Corporation, and Electric Power Development Company Limited—was awarded the facility by the Power Sector Assets and Liabilities Management Corporation (PSALM), which oversees the privatisation of state-owned energy infrastructure.
The complex includes the Caliraya and Botocan run-of-river facilities and the Kalayaan pumped-storage plant. Although the transaction value and schedule were not disclosed, the consortium is expected to complete post-award requirements before taking over operations. This deal aligns with PSALM’s broader strategy to divest national energy assets and promote private-sector participation.
Aboitiz Renewables, the green energy unit of Aboitiz Power, is active in hydro, geothermal, wind, solar, and battery systems. Beyond the Laguna complex, Aboitiz is developing small-scale hydro in Bukidnon, a solar-diesel microgrid in Palawan, and a solar-powered irrigation system in Negros Occidental, reinforcing its commitment to sustainable and off-grid energy solutions.