Additional Solar Power Plant in Mindanao

BoI okays solar plant
By Othel V. Campos | Posted on Apr. 12, 2013 at 12:00am


The Board of Investments granted fiscal incentives to the P3.3-billion solar power project of PhilNewEnergy.

PhilNewEnergy is a joint venture between Mitsubishi Corp., through wholly-owned unit Diamond Generating Asia Ltd., and the Ayala Group through subsidiary AC Energy Holdings Inc.

PhilNewEnergy plans to augment power supply in Mindanao by installing a capacity of 35 megawatts. It will build a solar photovoltaic power plant in Darang, Sta. Cruz, Davao del Sur.

The Solar photovoltaic power plant is expected to start commercial operation by March 2015 and will employ 93 people.

PhilNewEnergy will build the power plant using a series of photovoltaic modules that use the “photoelectric effect” to generate electricity on exposure to sunlight.