SPI to develop 100-MW solar plant in Tarlac
As published on BusinessMirror
A solar energy-service contract for the development of the said power project within the Clark Green City in the Municipality of Bamban, Tarlac, was recently signed between SPI and the Department of Energy.
MRC is diversifying into an energy company. It previously disclosed that it will be able “to develop, design, construct, operate, maintain, buy, acquire, sell, import and export renewable and clean energy equipment, systems, power plants and technologies that produce electricity from renewable and clean energy resources, such as, but not limited to solar, wind, hydro, geothermal, biomass, liquefied natural gas and other clean and renewable energy sources.”
Last month, the company said it was eyeing to acquire a significant stake in six more renewable- energy (RE) developers, following the successful acquisition of a 15-percent stake in a 50-megawatt (MW) solar project in Leyte.
There are plans, she said, to increase its interest in Sepalco up to 51 percent. “We want a majority control of Sepalco. We made a commitment to help improve their financial operations so we can acquire a bigger stake,” Nalda said.