(ADGI) for the construction of the power plant, which is composed of over 80,000 solar panels.
ADGI, which had acquired the permits, licenses, and entitlements to operate solar power plants here with an initial capacity of 25 MW and expandable to 75MW, initially pursued the project four years ago but later linked up with HSEC to facilitate its implementation.
HSEC, a wholly owned subsidiary of marine services provider Harbor Star Shipping Services Inc., acquired 60 percent of ADGI’s shareholdings in November 2017 and eventually expanded it to 85 percent in April 2018.
ADGI had been issued with a certificate of commerciality by the Department of Energy and a power purchase agreement with Socoteco II approved by the Energy Regulatory Commission for its entire energy output.[]
Bella said their investment in the city, which is the first power production venture for the company, was “not an accident.”
He said they had extensive discussions with city officials led by Mayor Ronnel Rivera prior to its implementation.
“GenSan is fast becoming a metropolis and we want to be a part of that growth, we want to be partners with the city,” he said.
Mayor Rivera said the opening and operationalization of the solar power plant is a major boost to the expanding economy of the city, which hosts six of the country’s seven tuna canneries and related industries.
He said the city’s power demand has continually increased these past years due to the entry of major investments, among them shopping malls, hotels and other property developments.
“We are in constant negotiations with power producing companies because the city is turning into a metropolis. The city is developing every day and we’re seeing more investments coming in,” he told reporters.[]
