P8.5-B Clark solar project gets gov’t nod

As published on Inquirer.Net

SunRay Power Inc. (SPI), an affiliate of MRC Allied Inc., will develop an P8.5-billion solar project in New Clark City, the Department of Energy (DOE) announced on Tuesday.

It said that they had officially released the Solar Service Contract of SPI for the development of its 100-megawatt (MW) Clark solar project in Capas and Bamban in Tarlac province.

This will be developed in partnership with the state-owned firm Bases Conversion Development Authority (BCDA).

New Clark City, a 9,450-hectare flagship project by the BCDA, is envisioned to be the country’s first smart and green city with a mix of residential, commercial, agro-industrial, institutional and information technology developments.

The 100-MW Clark solar project will be constructed within a 256-ha property leased by SPI from BCDA.

SPI president and CEO Carlos P. Gatmaitan said the official release of the service contract was an important milestone for the 100-MW Clark solar project.

“We are excited to do this solar project in partnership with BCDA and we are looking at doing more projects with them as part of our long-term plans. The success of this project would be another proof that the private sector and the government can actually work hand in hand toward achieving a common goal—the creation of cleaner, greener, more sustainable communities,” he said.

SPI is an affiliate of listed company MRC Allied, which holds a diversified portfolio in property development and mining and is currently pursuing energy projects.