Filtered By: Money
Money

Razon’s Prime Infra begins construction of 140-MW solar power plants in Cavite, Batangas


Tycoon Enrique Razon Jr.’s Prime Infrastructure Capital Inc. on Wednesday announced it has begun the construction of its 140-megawatt (MW) solar power plants in Tanauan, Batangas and Maragondon, Cavite.

In a statement, Prime Infra said the solar plants are targeted to start commercial operations by the year’s end.

The company said the solar power projects were implemented through its unit Solar Tanauan Corporation.

The groundbreaking for the renewable energy projects was held on April 11, together with representatives from the provincial governments of Batangas and Cavite and project partner PowerChina B7 Philippines Corp. (PowerChina).

The Tanauan and Maragondon solar power plants will have an installed gross capacity of up to 140 MW with total annual generation capacity estimated at 202 gigawatt hours which is expected to power over 84,000 households and displace over 100,000 tons of coal per year.

“Our project here at Solar Tanauan Corporation embodies the values that we, as a company, and I personally align with. We have a strong ESG commitment and sustainability focus and as such, our goal is to develop and operate our assets in a socially relevant manner,” said Solar Tanauan Corporation chair Katrina Razon.

The Prime Infra Group has a pipeline of renewable energy projects in different stages of development with a total gross installed capacity of approximately 5,700 MW of solar generation plus 4,000MWh (minimum) energy storage system. —VAL, GMA Integrated News