CADIZ City Mayor Patrick Escalante said Wednesday that they have invited President Benigno Aquino III to lead the inauguration of the P10-billion, 132-megawatt solar power plant in their city on February 19.
The project, developed by Soleq Holdings, will become the biggest solar power plant in Southeast Asia and the seventh largest in the world, Escalante said.
It is located on a 176-hectare land in Hacienda Paz, Barangay Tinampaan.
The construction of the solar plant started in July last year and that it only took about eight months to complete the project, the mayor said, adding that it will be connected to the grid during the weekend.
“This is very advantageous to the whole province because we will have another renewable power source within (Negros Occidental). An industrial zone is now being eyed and several investors have already signified their intent to invest in the city especially within the vicinity of the power plant,” Escalante said.
About 2,500 Negrenses availed themselves of employment during the construction of the power plant, and once operational, more than 250 will be employed from security guards to utility workers, the mayor added.
Soleq is the solar power arm of Singapore-based Equis Funds Group, Asia's largest independent energy and infrastructure private equity fund manager.