The National Irrigation Administration signed a memorandum of understanding with SN Aboitiz Power Corp. (SNAP) on the conduct of feasibility
NIA and SNAP will cooperate to pursue the feasibility study on establishing the Alimit Multipurpose Dam Project to be used for irrigation, flood reduction in Cagayan and additional hydropower generation for the Luzon grid.
“This will also enable additional benefits for agriculture, aquaculture, tourism, and general industry development,” the parties said. NIA officials headed by acting administrator Eddie Guillen signed the MOU with SNAP president and chief executive Joseph Yu on Sept. 14, 2023 at the NIA Central Office. NIA and SNAP have long been partners in the operation of the largest multipurpose dam in the country, the Magat Dam.
The venture is vital in the agricultural productivity of Region II and the country and in the generation of electricity for the Luzon grid.