The Philippine Economic Zone Authority signed a memorandum of understanding with Upgrade Energy Philippines Inc. for the development of solar energy projects in economic zones.
PEZA officer-in-charge and deputy director-general for policy and planning Tereso Panga said the partnership would promote the goal of environment-friendly industrialization.
“Promoting the use of renewable energy is extremely paramount in our country so we can save billions of pesos in energy and electricity consumptions, generate more jobs and at the same time, reduce our country’s share of carbon emissions, therefore, fighting the adverse effects of the global climate change,” he said.
Under the MOU, UGEP will conduct feasibility studies in Cavite Economic Zone and Baguio City Economic Zone to determine the viability of the first phase projects prior to implementation. The first phase involves the development and implementation of two 10-megawatt solar projects at the two economic zones. Othel V. Campos