MRC Allied to build 550-kW solar rooftop

By Lenie Lectura – February 14, 2019
from Business Mirror

MRC Allied Inc. is pursuing a 550-kilowatt (kW) solar rooftop project in Northern Luzon.

“MRC will be pursuing the said solar rooftop project through Menlo Renewable Energy Corp. (MREN). MRC’s wholly owned subsidiary which is specifically engaged in renewable-energy development,” said MRC in a disclosure on Wednesday.

In November last year, the company signed a memorandum of agreement for the development of a 550-kW solar rooftop project located in Northern Luzon.

A month after, it signed a memorandum of agreement with Edward Marcs Philippines Inc. for the design, supply, delivery, construction, installation, testing and commissioning of the planned 550-kW solar rooftop project for two rice milling plants in Northern Luzon. Its investment may cost P34 million.

Company President Augusto M. Cosio Jr. said in December last year that MRC is targeting to add 42 megawatts (MW) from solar-power plants to beef up its 2019 portfolio.

He also mentioned that part of the expansion includes a 12-MW solar plant in Central Luzon. The remaining 30 MW will be from the proposed acquisition of a solar-power plant in Leyte. The capacity expansion is part of the MRC’s plan to add 100 MW in its portfolio in the next two years. The company is set to invest $1 million per megawatt for this program.