P35B in renewable energy projects OKd

Renewable energy (RE) projects worth a total of P35.4 billion — expected to help address the power demands of the government’s “Build Build Build” program — have been approved by the Board of Investments (BoI), the Trade department said on Friday.

VS Gripal Power Corp.’s P777-million biomass power plant in Nueva Ecija and Currimao Solar Energy Corp.’s P4.74-billion Talisay project in Camarines Norte, P14.6-billion Talim project in Rizal and P15.3-billion Calatagan project in Batangas – all involving wind power – qualified for incentives under the Renewable Energy Act, which is covered under the special laws list of the 2017 Investments Priorities Plan.