Bilyonaryo - Power

Vince Perez-led Alternergy awards JGC Philippines with EPC contract for 20MW Solana solar power project

May 8, 2023

Bilyonaryo.com

Alternergy Holdings Corp., led by bilyonaryo investment banker Vince Perez, has awarded the engineering, procurement and construction (EPC) contract for the 20 megawatt Solana solar power project in Hermosa, Bataan to JGC Philippines, the largest overseas EPC subsidiary of Japan’s JGC Group.

The project will be undertaken by Alternergy’s wholly-owned subsidiary Solana Solar Alpha (SSAI), which has issued a notice to proceed with the early work activities.

JGC Philippines was selected after a competitive bidding process involving six companies from China, Germany, India, and Japan.

The project is expected to pave the way for Alternergy’s full equity participation in the Solana Project, after the company raised funds from a successful public offering in March 2023.

With expansion plans in the next five years, Alternergy aims to develop up to 1,370 MW of additional renewable energy projects, including wind, offshore wind, solar, and run-of-river hydro projects.

Related News Tags: Alternergy Holdings Corp., Solana solar power project, solar power project, Vince Perez

Ensuring transparency and cost efficiency: NEA directs ECs to validate power bills

Government-owned National Electrification Administration (NEA) has instructed all electric cooperatives (ECs) to counter-check and validate power bills from power suppliers.

NEA empowers electric cooperatives with P450.7 million in financial assistance

State-run National Electrification Administration (NEA) has extended loans worth PP450.66 million to 16 electric cooperatives (ECs) as of the end of May.

DMCI Mining ramps up nickel ore production, aims for 1.5 million ton shipments

Consunji-led DMCI Mining aims to export 1.5 million wet metric tons (WMT) of nickel ore this year, following an increase in its production capacity.

675 million people worldwide without electricity: report

A full 675 million people worldwide still lack access to electricity, mainly in sub-Saharan Africa, according to a report published Tuesday by several international organisations.

Majority of Philippine businesses worried about energy security, study shows

GHD, a leading global professional services company, recently conducted an extensive research study shedding light on the energy landscape in the Philippines.

Ensuring transparency and cost efficiency: NEA directs ECs to validate power bills

NEA empowers electric cooperatives with P450.7 million in financial assistance

DMCI Mining ramps up nickel ore production, aims for 1.5 million ton shipments

675 million people worldwide without electricity: report

Majority of Philippine businesses worried about energy security, study shows

Petron’s P50 billion preferred share offering gets SEC’s OK

NGCP strengthens Mindanao grid reliability through substation upgrades

Leandro Leviste’s SPNEC faces sanctions for breaching PSE rules

EU probes alleged fraudulent biofuel from China

Recommended from

→ Abogado
Fred Nojara drops t-shirts for barong in latest book signing

→ Abogado
DOJ forms panel to probe multiple murder raps vs Teves

→ Politiko
Marcos: Fast-track rollout of PRDP Scale-Up

→ Politiko
Malapit na sa target! Pangandaman touts effectiveness of economic strategies as inflation eases

→ Bankero
Bank of the Philippine Islands Pursues $200 Million Syndicated Term Loan for Debt Refinancing

Cold war at the coin launch: BFFs Diokno and Medalla snub each other in Malacanang event

The once amicable relationship between Finance Secretary Benjamin Diokno and Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla seemed to have taken an icy turn during the recent unveiling of new coins at Malacañang on Monday (June 5).

NAIA privatization in sight: DOTr sets Q1 2024 deadline

The Department of Transportation (DOTr) is pushing for the privatization of the Ninoy Aquino International Airport (NAIA) by the first quarter of 2024.

World Bank upgrades Philippine growth outlook to 6%

The World Bank has improved its outlook for the Philippine economy this year as it projects growth of six percent, citing robust domestic demand as a key driver of expansion.

Powering Negros’ economic surge: Ricky Razon’s Primelectric joins forces with CENECO in P4 billion joint venture

Primelectric Holdings Inc., an affiliate company of ultra bilyonaryo Enrique K. Razon Jr.’s MORE Electric and Power Corp., has signed a joint venture agreement with Central Negros Electric Cooperative.

BBM calls for stronger partnership with FFCCCII to boost the economy, advance nat’l development

President Ferdinand R. Marcos Jr. called for a renewed alliance between the government and the Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII), recognizing the federation’s crucial role in economic development and national progress.