AboitizPower awards EPC deals for solar project in the Philippines
It is expected to start operations by June 2023.
Aboitiz Power Corporation (AboitizPower) entered into engineering, procurement, and construction (EPC) agreements for its 159 megawatt-peak Laoag and Laoag 2 solar power project in the province of Pangasinan in the northern Philippines.
In a statement, AboitizPower said the EPC contracts were awarded to Chinese firm SUMEC Complete Equipment and Engineering Co., Ltd., and Hansei Corporation for direct current and alternating current, respectively.
The company entered the agreements through PV Sinag Power, Inc., which is a special purpose vehicle of its subsidiary Aboitiz Renewables, Inc. (ARI).
The project will be AboitizPower’s second solar venture in Pangasinan, after the Cayanga Solar power plant in the town of Bugallon. It is expected to start commercial operations by June 2023.
“Once completed, the project is expected to generate approximately 261 GWh of clean energy annually, equivalent to the yearly power consumption of around 100,000 average Filipino households,” it said.
AboitizPower said the majority of the plant’s output is already contracted for 20 years to a leading retail firm in the country.