THE Philippine Economic Zone Authority (PEZA) has partnered with Upgrade Energy Philippines (UGEP) for the put up of two solar energy projects, one in Cavite and another in Baguio City.
PEZA announced that UGEP will be developing up to 10 megawatt (MW) solar projects at the Baguio City Economic Zone (BCEZ) and the Cavite Economic Zone (CEZ) as part of the first phase of the partnership.
“Under the memorandum of understanding, UGEP will conduct feasibility studies in CEZ and BCEZ to determine the viability of the first phase projects prior to its implementation,” PEZA said.
The agreement also allows UGEP to generate and sell power to the consumers in the zones. PEZA will provide assistance for the studies, identify appropriate land within the economic zones for use in the project, and register the facilities within the PEZA.
“Promoting the use of renewable energy is extremely paramount in our country so we can save billions of pesos in energy and electricity consumptions, generate more jobs and at the same time, reduce our country’s share of carbon emissions, therefore, fighting the adverse effects of the global climate change,” PEZA Officer-in-Charge and Deputy Director General for Policy and Planning Tereso O. Panga said.