A Filipino-Japanese company, Eco-Merge Philippines, is considering to put up four solar power projects in the country, including a facility in Negros Occidental, which will collectively deliver 41 megawatts in the next two to three years.
Eco-Merge president Edgar Morada said the company is working with Snowly Mountains Engineering Corp., an international consultancy to conduct the feasibility study on its four solar projects that would need investments of $150 million to $164 million.
"It is a long-term commitment of Eco-Merge with support from SMEC in this series of projects we are going to have," Morada said, adding that they will eventually venture into other renewable energy sources such as wind and hydro.
Eco-Merge's projects are in response to the call of the government for investments in the power sector particularly in renewable energy following the passage of the Renewable Energy Act of 2008.
Eco-Merge will first undertake the proposed 11 MW solar photovoltaic power plant in Camarines Sur located in south Luzon.
Other priority areas being considered is Negros Occidental in the Visayas (10MW), Agusan Del Norte (10 MW) and Zamboanga (10 MW) both in Mindanao.
A 1-MW solar project requires an investment of around $3 million to $4 million.
Eco-Merge's wants to partner with local government units for the requirement of the solar projects either through joint venture or lease agreements.*PNA