PetroGreen Energy Corp. (PGEC) of the Yuchengco Group said Wednesday it completed the site development works for its 27-megawatt Dagohoy solar power project in San Vicente and Sta. Cruz, Dagohoy, Bohol, the first large-scale utility solar power project under development in the province.
The P1.2-billion solar facility, once operational, will boost indigenous power supply in Bohol, which has been dependent on imported power supply from Leyte and Cebu.
PGEC is a joint-venture between publicly-listed and Yuchengco Group of Companies affiliate PetroEnergy Resources Corp. (PERC) and Kyuden International Corp. (KIC), the overseas investment arm of Kyushu Electric Power Company.
“All the major site development works, prior to the installation of the solar panels and major electrical facilities, have been completed by our contractor, Media Construction and Development Corp. We were able to proceed as scheduled and worked fast because of the strong support from our partner government agencies, host communities, and the local government unit of Dagohoy headed by Mayor Hermie Relampagos,” said PGEC site engineer Frederick Pizana.
PGEC vice president for commercial operations Maria Victoria Olivar said that by the second week of January 2024, the major contractors – Global Electric for the solar farm construction and Philcantech Enterprises for the electrical and grid connection – should be ready to start the power plant construction.
“Barring any unforeseen circumstances, this progress should allow PGEC to meet our commitment to the DOE and to our offtaker SN Aboitiz Power,” Olivar said.