MANILA, Philippines – Next Generation Power Technology Corp (NGPT), a Filipino-Korean renewable energy developer, is investing P2 billion to develop a renewable energy project in Bataan.
The Authority of the Freeport of Bataan (AFAB) said in a statement that it had signed a contract for the project at the Freeport Area of Bataan.
NGPT committed P2 billion for a 20-megawatt solar power plant that will be set up in Mariveles, Bataan. The plant will be developed on a 37.5 hectare lot in the freeport area.
“We are very pleased to add NGPT to the FAB family,” said AFAB chairman Deogracias Custodio.
Custodio added that the investment furthers AFAB’s efforts to meet government renewable energy goals. “This project reaffirms our commitment to innovation and sustainable development in the FAB. It is also expected to become an ecotourism attraction in the Freeport.” – Rappler.com