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P4.25B RE power plant on

Republika

More sources of clean and renewable energy are coming to the Luzon grid with commercial operations starting at the PowerSource First Bulacan Solar, Inc. (PFBSI)


The Energy Regulatory Commission (ERC) earlier cleared the commercial operation for the 50-megawatt power plant in San Miguel, Bulacan.


Costing P4.25 billion, the plant is a joint venture of MGen Renewable Energy, Inc. (MGreen) and PowerSource Energy Holdings Corp.


“We pledge to continue building more environmentally conscious projects as part of our commitment to a sustainable energy transition for the future generation,” PFBSI chair and MGen president and chief executive officer (CEO) Rogelio Singson said.


Singson said the BulacanSol contributes to the renewable energy portfolio target of the company.


“As the first operational project of MGreen, BulacanSol is a very important milestone that drives us to aggressively pursue more projects that will help us achieve our target of building a renewable energy portfolio with a capacity of 1,500 megawatts in the next five to seven years,” he added.


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