Raslag Corp. of the Nepomuceno family is firming up expansion plans outside Pampanga province as it prepares for its initial public offering by early June, a top executive said over the weekend.
“We have expansion plans outside Pampanga. We are negotiating for a property in Hermosa, Bataan. We’re looking at other properties in Bataan, in Zambales,” Raslag founder Peter Nepomuceno said.
Raslag has two solar power plants, including the 10.046 megawatt RASLAG-1 and the 13.141-MW RASLAG-2 in Pampanga.
Both plants are running under the feed-in-tariff system of the Department of Energywith a base tariff of P9.68 per kWh and P8.69 per kWh, respectively.
Nepomuceno said they were looking at initially at the expansion of its solar project in Bataan.
“We’re negotiating to purchase a 30-hectare property there. There are other areas we are looking into. It has to be land that has access to NGCP facilities so that you can connect to the NGCP facility. If you’re too far from the NGCP facilities or is not available, the land you bought cannot be used for solar,” he said.