Meralco PowerGen Corp. (MGen), the power generation arm of the Manila Electric Co. (Meralco), said it is on track to switch on its 50-megawatt (MW) solar power project by end of the year.
The pandemic has prompted the company to suspend site works last March. Likewise, the delivery of the solar panels from China was delayed.
MGen President and CEO Rogelio Singson said site works resumed in April after securing a special clearance from the local government unit (LGU). The P4.25-billion solar power project is located in San Miguel, Bulacan.
“Despite the expected delay, PFBSI (Powersource First Bulacan Solar Inc.) still targets to commission the plant within 2020,” he said.
It has tapped SUMEC Complete Equipment & Engineering Co. Ltd. to construct the solar facility. A construction commencement notice was issued in December 2019, with target commercial operations by end 2020.
As of July 13, the overall progress of the solar power project stood at 52.73 percent.
MGreen targets around 1,000MW of renewable energy projects over the next five to seven years. The focus is on the development of a portfolio of utility scale solar, wind and hydro-power projects to supply Luzon grid and electricity consumers with competitive tariff.
It recently secured an equity funding amounting to P424 million from Meralco that will be invested in various solar projects.
