THE Board of Investments (BOI) said on Friday it has approved the application of Isabela La Suerte Rice Mill Corp., as a renewable energy (RE) developer of biomass energy resources, to construct and operate a 5-megawatt biomass power plant in Isabela for P410 million.

The project was approved under the Renewable Energy Act of 2008, which is among the special laws listed in the current Investment Priorities Plan (IPP).

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