BOI APPROVES P25B IN RENEWABLE ENERGY PROJECTS

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The Board of Investments (BOI) has approved 12 renewable energy projects worth P25.1 billion during the first five months of 2013. These projects are expected to provide an additional 269 megawatts (MW) to help address the country’s power needs, especially in Mindanao. Among others, BOI approved this month the proposal of First Gen Mindanao Hydro Power Corp. as an RE developer of Hydropower Energy Resources for three projects in Mindanao worth P11.96 billion with a total energy capacity 62.75 MW.

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