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MRC Allied eyes solar panels in Xentro Malls

October 27, 2017

As publish on PhilStar

 

MANILA, Philippines — MRC Allied Inc. is in talks with XRC Mall Developer Inc. to put up solar rooftop panels in its community malls.

 

In a discloure to the Philippine Stock Exchange yesterday, MRC said its board gave the go-signal to pursue discussions and negotiations with XRC Mall Developer to explore, develop and install solar photovoltaic (PV) systems for rooftops in various malls.

 

XRC is a corporation engaged in the establishment and operation of Xentro Malls, community malls in cities and municipalities featuring tenants in the retail and food industry.

 

“This partnership with XRC will be another milestone for MRC as it diversifies into the renewable energy business,” MRC president and CEO Gladys Nalda said.

 

“This will be a significant step toward our foray into the solar PV rooftop industry,” she said.

 

If talks push through, Nalda said this would also help the company achieve its goal of building a renewable energy portfolio of 1,000 megawatts (MW) in five years.

 

Based on its website, XRC has around 20 existing Xentro Malls in Metro Manila, Cagayan Valley, Bicol and Southern Tagalog.

 

Meanwhile, the mall develope