27.2 C
Cagayan de Oro
Saturday, July 13, 2024
spot_img
HomeFront PagePHIVIDEC locators secure RE through Filinvest's solar power project in MisOr

PHIVIDEC locators secure RE through Filinvest’s solar power project in MisOr

Misamis Oriental, 26 July 2023 – Locators in PHIVIDEC Industrial Estate in Misamis Oriental (PIE-MO), one of the country’s major economic zones, will soon have access to renewable energy via the planned solar power project of the Filinvest Group. Through the subsidiary FDC Green Energy Corporation (FDCGEC), Filinvest will develop an 11.5-megawatt peak solar power project within the industrial area. FDCGEC is a wholly owned subsidiary of FDC Utilities, Inc. (FDCUI), the utility arm of the Filinvest Development Corporation (FDC).

“Filinvest was awarded by the Department of Energy a solar energy operating contract to develop an 11.5 MWp solar power project within the PHIVIDEC Industrial Estate that can operate for 25 years. Filinvest will earmark over half a billion pesos for this investment,” said Juan Eugenio L. Roxas, President and CEO of FDCUI and FDCGEC.

“With this project, PIE-MO can attract more locators actively seeking alternative energy sources to reduce greenhouse gas emissions,” Roxas highlighted. FDCGEC formally registered as a PHIVIDEC locator to kickstart the project’s permitting process. The
registration was well-received by PHIVIDEC Industrial Estate Administrator Atty. Joseph Donato Bernedo.

“This is a very timely project given the different challenges climate change brings. Moreover, it is in accordance with the thrust of President Marcos’s administration to shift towards alternative clean, renewable energy,” said Bernedo.

PHIVIDEC, located in the Northern Mindanao region, is home to numerous manufacturing and industrial companies that contribute significantly to the country’s economy. Bernedo appreciates the Filinvest Group for expanding its business in the area.
“This is a very good project to have here in PHIVIDEC, and we are very grateful to FDC for the opportunity. Moreover, FDC has a good history with PHIVIDEC for always providing quality and responsible service not only to the province of Misamis Oriental but to the entire island of Mindanao,” noted Bernedo.

The solar project involves the installation of more than 20,000 monocrystalline solar panels that will produce almost 17,000 Mwh of clean energy annually. The project has several advantages for PHIVIDEC locators and the surrounding community. With an estimated CO2 savings of more than 11,000 tons annually, it will help reduce the environmental impact
of industrial operations while providing a sustainable and cost-effective energy solution. Apart from environmental benefits, it also enhances the reputation of PHIVIDEC as an eco-responsible industrial hub. As for its neighboring communities, the project will generate more than 200 jobs during construction and maintenance.

This solar power project in Misamis Oriental is the first of the many utility-scale solar projects of Filinvest in the region. In its pipeline are 11 MW Cotabato Solar and 30 MW GenSan Solar.

“Filinvest is ready to take on the challenge of providing more power. Our company is committed to pursuing solar power projects in the region. We’re ready to invest more to take a step towards a greener and more prosperous future for both business and the environment,” capped Roxas. ###

RELATED ARTICLES
Advertismentspot_img

Most Popular

Recent Comments