THE Energy Logics Philippines Inc. (ELP), together with the Qingqao Hengshun Zhongshen Group Co. (QHZGC), seeks to put up a hydroelectric and solar power plant in Mindanao, an official said.
During the ground breaking ceremony of the $430 million wind and solar energy project in the Northern part of the Philippines, the Filipino and Chinese companies expressed interest in putting up an energy source in Mindanao.
"Everyone is asking why we launched in Davao. Gusto naming ipakita na kung kaya naming gawin sa Ilocos, kayang-kaya din namin gawin sa Mindanao," Energy Logistics Project corporate partner Jenny Munar said at the sidelines of the launching held at Marco Polo Davao, Thursday, March 23.
Munar said they are looking for renewable projects in Mindanao and are willing to sit down with the local government unit (LGU) to create a sustainable power supply.
"There is a new technology wherein we can harness the energy in water without destroying the environment, so for Mindanao, we would want to establish both hydro and solar power plants," she said.
Munar highlighted that Chinese investments in the country poured in after President Rodrigo Duterte's first visit to China.
"Nagkaroon ng trust and confidence ang Chinese government sa atin. Expect more projects in the coming months," she said.
QHZGC Senior Consultant An Chee Sin, for his part, said the projects are part of China's support to the Philippine Government.
"This project will be a start and it will be a testament to the Philippines and China. We will continue to contribute to the Philippine society," he said.
The ongoing construction of the 132-megawatt wind energy project in Burgos and 100-megawatt facility in Pasuquin, Ilocos Norte are currently the biggest projects China has ever made in the country. The two are expected to be completed within 18 months.