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MRC Allied eyes renewable energy

May 15, 2017

As published in the Philippine Star

 

MANILA, Philippines - MRC Allied Inc., the listed real estate company with a diverse portfolio in property and mining, is embarking on a major shift in focus to pursue investments in the renewable energy sector under the leadership of its newly appointed president and chief executive officer Gladys Nalda.

 

The company plans to develop new renewable energy projects through its first batch of shovel-ready projects as part of its long- term plan to accumulate 1,000 megawatts (MW) of clean energy on its own or through joint ventures, said May Militante, MRC Allied’s investor relations officer.

 

In the last few months, MRC has achieved the biggest leap in stock prices for about 200 percent compared to other shares.

 

Under Nalda’s leadership, the company wants to focus on clean energy and has in fact started recruiting a team of professionals with solid energy background. 

These include former president of PNOC Renewables Corp. Carlos Jose Gatmaitan who now sits as chairman of the MRC Board and former energy secretary Zenaida Monsada who