LAOAG CITY — A Korean Company is set to invest at least US$70 million for a solar power plant to be constructed in two towns in Ilocos Norte.
Korean national Stephen Chae, chief executive officer and vice president of EC Cobuy Philippines, Inc. (ECCPI), said amount is the company’s initial investment for the installations of materials and equipment for the solar power plant in the towns of Badoc and Vintar.
The ECCPI is one of the well- known companies in the country that produce materials for renewable energy plant such as the solar power with system on Hanwa Solar Modules and solar tracker; the wind power with system on dual blade dual turbine (DBDT) wind generator system and led lighting with higher efficiency and longer life.
“At least 13,000 solar panels requirement are initially planned to be used for the construction of the solar power plant within 60 to 70 hectares of lands located in the towns of Badoc and Vintar,” he said.
The power plant is expected to generate more than 20 megawatts of electricity.
Chae said the project is a first of its kind and considered biggest solar plant project to be installed in the country.
As initial step for the realization of the project, a separate Memoranda of Understanding (MOU) were signed last August 10 between Chae and Badoc Vice Mayor Thomas Torralba in behalf of his wife Mayor Arlene Torralba and Vintar town Mayor Jose G. Foronda.
“We are honored to have this privilege to share another Korean technology here in Ilocos Norte,” Chae said in his short message.
Under the MOUs, both local officials from the two towns and the ECCPI agreed to increase the capability of electricity by way of installing the solar energy products, turbo wind power turbine system and all kinds of LED lights.
A counterpart of the towns is to look for a project location while the ECCPI will construct and provide the necessary materials for it.
It was noted that the project was designed to augment the electric power supply from the local electric cooperative in the province.
After the MOU signing, the ECCPI can now start securing clearance from the Department of Energy (DOE) for the project construction.
Upon the issuance of clearance by the DOE, agreement signing between local officials and the company is tentatively set on October 18 for the approval of conditions for the start of the full-blast installation of the solar power plant.
Meanwhile, Torralba said initial project site was identified along the downstream of the Badoc Bridge crossing the Badoc River.
“If this project will be realized, we will not only save electricity but this will boost our tourism industry and generate more jobs for our constituents,” he added.
Once the solar power plant is in operation, Torralba said the project can serve households in Badoc town and nearby towns of Pinili in Ilocos Norte and Sinait and Cabugao, both in Ilocos Sur. (Freddie G. Lazaro, PIA 1, Ilocos Norte)