HEDCOR registered with the Philippine Securities and Exchange Commission (SEC) in October 1986 to engage in the business of owning, developing, constructing, operating, repairing, and maintaining hydro-electric power plant systems, renewable and indigenous power generation plants and other types of power generation or converting stations, and to act as holding company or joint venture partners or investors in the business of developing, operating and/or owning power generation plants and/or converting stations. It is a wholly owned subsidiary of Aboitiz Renewable, Inc. (ARI). ARI is a wholly owned subsidiary of the Aboitiz Power Corporation (AP) with the ultimate parent being Aboitiz and Company, Inc. (ACO).
HEDCOR has extensive experience in the development, design and operation of clean and renewable energy projects and is considered to be the largest developer and operator of mini-hydroelectric power plants in the Philippines. HEDCOR and its affiliate companies have complied with the restriction on market share limitation prescribed under Section 45 of R.A. 9136 otherwise known as the Electric Power Industry Reform Act (EPIRA).
A COC is a legal requirement prior to a generation company’s power plant commercial operations. It attests compliance to environmental, technical and financial standards set forth in the Rules for the Issuance of Certificate of Compliance (COC) for Generation Companies/Facilities (Revised Rules). It also certifies that the owner of the generation facility is compliant to the cross-ownership and market share limitations periodically set by the ERC to safeguard electricity consumers from abuse of market power by the market participants. The COC is valid for five years and must be renewed six (6) months prior to its expiration.
- https://www.affordablecebu.com/"The ERC is glad that another plant has been completed and more so since it uses a renewable non-carbon gas emission source. This plant will fortify the generation capacity of the country and can preempt events where power demand out-shadows supply. Rest assured that the ERC will be strict in the evaluation of COC applications to ensure stable and quality supply of electricity to the end-users,” ERC Chairperson Zenaida G. Cruz-Ducut said.
