ABOITIZ Power Corp. (AboitizPower) and SunEdison have awarded the engineering, procurement and construction (EPC) contract for their first joint solar power project in San Carlos City, Negros Occidental.
The EPC contract was bagged by China-based electric power equipment supplier NARI Group Corp., which will undertake the construction of the P3.5 billion, 59-megawatt (MW) Negros solar energy project.
The Negros solar energy project is set for commercial operation in the first quarter of 2016.
AboitizPower said the Negros solar plant will be one of the largest solar power projects in the country upon its completion.
Antonio Moraza, AboitizPower president and COO, said the project is in support of the government’s call to maximize the country’s renewable energy (RE) potential.
“AboitizPower is one of the biggest renewable energy producers in the country and we will continue to expand this capacity. This project is a testament to that commitment,” said Moraza.
AboitizPower and SunEdison in November last year announced a joint framework agreement to explore, develop, construct, and operate up to 300 MW of utility-scale solar projects in the Philippines over the next three years.
“AboitizPower will continue to pursue the right mix of energy sources to ensure reliability and a reasonable cost of power to the end-consumers,” Moraza said.
At present, AboitizPower and its partners produce a total of 3,044 MW of power, 40 percent of which comes from its Cleanergy portfolio made up of hydro and geothermal power plants.
AboitizPower is the holding company for the Aboitiz Group’s investments in power generation, distribution, and retail electricity services.
The company is one of the largest power producers in the Philippines with a portfolio of assets located across the country. It is a major producer of Cleanergy, its brand for clean and renewable energy, with several hydroelectric and geothermal assets.
It also has various fossil-fired power plants in its generation portfolio.
The company also owns distribution utilities that operate in high-growth areas in Luzon, Visayas and Mindanao, including the second and third largest private utilities in the country.