KOREAN project developer Young J. Soon, chief operations officer of the Phil Solar Farm-Leyte, Inc., revealed his intention to put up 30-megawatt solar power plant in Ormoc City.
The proposed site is in Barangay Dolores with an investment of $72 million (P2,997,360,000).
It was learned from Soon that he is now processing the construction permit through the Department of Energy.
According to the Korean investor, he is now just seeking confirmation of the commerciality of the project which he expects to know this month and will seek the approval from the financing group in Korea which is the Korea Development Bank DAEWOO Security Company.
Upon approval, the construction is expected to start on July or August this year and could be done after six to nine months. The plant is projected to be operational on the 1st quarter next year.
The solar power plant will cover an area of about 44 hectares and an environment-friendly. It can be attractive to school trips and even as a tourist spot.
When asked why they intend to put the solar power in Ormoc, Soon said that the place is very convenient to put the grid connection because of the location of the National Grid Corporation of the Philippines and the plane location suitable to the plant’s structures.
Soon added he plans to suggest financing institutions to develop an international port that could fast track the development of Ormoc.
Soon said the port project is his next plan to study after the solar power plant. (Leyte Samar Daily Express)