Repower Energy Development Corporation (REDC) has strengthened its renewable energy portfolio in Bukidnon with the acquisition of a 95% equity stake in Maramag Hydropower Corporation (MHC), the developer of the proposed 25 MW Pulangi IV hydropower project.

The acquisition, valued at around PHP 32 million for 32,192,001 common shares, marks REDC’s second major investment along the Pulangi River. The company recently completed an 18.2 MW hydropower facility between Valencia and San Fernando, which draws from the same river system. The upcoming PHP 6.3-billion Pulangi IV project will expand REDC’s growing hydropower cluster in Mindanao.

REDC President Eric Y. Roxas said the deal aligns with the company’s long-term strategy to scale clean and indigenous energy in the region. “This acquisition marks a significant step in REDC’s mission to expand renewable hydropower for Mindanao,” Roxas said, highlighting the Pulangi River’s strong potential as a sustainable energy source.

He added that the project is designed not only to improve power generation capacity but also to support socio-economic development in Bukidnon. “Harnessing the Pulangi River’s potential allows us to deliver dependable energy while creating meaningful opportunities for local communities,” Roxas noted.

The development is expected to enhance energy security, support Mindanao’s growing demand, and reinforce REDC’s position as a key player in the Philippines’ hydropower sector.