Special Report on the Economy

Solar plant approved

The Energy Department issued a certificate allowing ATN Philippines Solar Energy Group Inc. to proceed with the construction of a 30-megawatt solar project in Rodriguez, Rizal. It is the second solar project to be awarded a certificate from the government. Renewable Energy Management Bureau director Mario Marasigan said the declaration of commerciality was issued to ATN Philippines Solar, a joint venture between ATN Holdings Inc. and Transpacific Boardbrand Group International Inc. Marasigan hinted that another solar project would receive a certificate after the department approved Philippine Solar Farm-Leyte Inc.’s 30 MW project in Ormoc, Leyte. The approval will allow the two solar developers to avail of the P9.68 per kilowatthour feed-in tariff, once their projects become operational. The declaration of commerciality refers to a written declaration from the developer, confirmed by the Energy Secretary, stating that the project is commercially feasible. Philippine Solar Farm plans to construct the plant on 44-hectare property in Barangay Dolores that will cost around P2.9 billion.  The company is 40 percent owned by DS Steel Co. Ltd. of Korea and 60 percent by local investors.
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