As published on Inquirer.net
Holding firm MRC Allied Inc. has teamed up with the Chinese energy group that built the Three Gorges Dam in the mainland for possible renewable energy projects in the Philippines.
For this purpose, MRC said in a statement that it had signed a memorandum of agreement with China Energy Engineering Group Guangdong Power Engineering Co. Ltd. or Energy China GPEC.
The signing of the MOU confirmed both parties’ interest in developing renewable energy projects in the Philippines as identified by MRC Allied, it said.
Guangzhou-based Energy China GPEC is set to conduct a year-long due diligence to help in deciding whether to pursue projects with MRC.
GPEC’s parent firm, China Energy Engineering Group Co. Ltd., has built projects related to multipurpose water facilities like the Three Gorges as well as fossil fuel power plants, nuclear power plants, offshore wind farms and power transmission networks.
In its website, Energy China GPEC said it had built nearly 200 large and medium-sized conventional coal-fired power stations, nuclear power stations, combined cycle power stations, self-provided power and diesel power plants in China and overseas.