As published on BusinessWorldOnline
MRC ALLIED, Inc. has signed on Thursday an engineering, procurement and construction (EPC) contract with UniSolar, Inc. (USI) to handle the solar rooftop system project of Xentro Mall Developer, Inc. with a capacity of at least 4 megawatts (MW).
“We are excited because this partnership with USI and Xentro Mall will solidify the entry of MRC into the solar PV (photovoltaic) rooftop industry,” said MRC Chairman Carlos P. Gatmaitan in a statement.
“This will also expand our RE (renewable energy) portfolio and bring us closer to our goal of contributing to the clean and renewable capacity of the country,” he added.
MRC told the stock exchange that the purpose of the EPC contract is to engage the services of USI for the design, supply, delivery, installation, testing and commissioning, with operation and maintenance of the solar rooftop within various Xentro Malls nationwide.
The contract calls for MRC to pay USI at least P200 million for the installation of the initial target capacity. Xentro Mall, which operates community malls nationwide, will identify and nominate the facilities on which the solar rooftop will be built.
MRC described USI as a domestic corporation engaged in the design, global sourcing, local distribution, manufacturing, sales of solar-powered products and the operation and maintenance of solar photovoltaic rooftop systems.
The construction period is set at a maximum of six months from issuance of notice to proceed by MRC to USI.
The operation and maintenance period of the solar PV system is set at 20 years.