Prime Infrastructure Capital Inc. and its wholly-owned subsidiary Prime Solar Solutions Corp. inaugurated on Wednesday a 64-megawatt solar power plant in Maragondon, Cavite.
The Maragondon plant is one of two power facilities under Prime Solar’s first project, supplying up to 128 megawatts of clean, renewable energy.
The other plant is in Tanauan, Batangas, and total capacity is expected to power about 84,000 households and displace over 100,000 tons of coal per year.
The Maragondon and Tanauan solar power plants, constructed in April 2023, employ the most advanced execution technology which drove its quick progress to full completion.
“The completion of the Maragondon solar power plant is a significant milestone for the Prime Infra’s energy portfolio. We have reached this point of course thanks to likeminded partners who not only envision a more sustainable future but actively work towards achieving it,” Prime Infra president and chief executive Guillaume Lucci said.
“The plant inaugurated today is certainly a part of Prime Infra’s wider sustainable strategy and continue to be very much aligned to our purpose of building better lives and resilient economies through critical infrastructure,” said Lucci.
He said Prime Infra would continue to support the government’s transition agenda to clean energy sources.
“We will proactively explore opportunities within the renewable space while capitalizing on innovative solutions to achieve energy security, dependability and affordability,” he said.
Prime Solar has a 50-MW, 20-year power supply agreement with Manila Electric Co. and will supply the rest of its output to the grid.
Energy Regulatory Commission chairperson Monalisa Dimalanta cited the hard work required in completing solar power projects, commending Prime Infra and Prime Solar’s support in providing reliable power through renewable energy sources.
“Definitely it takes more than a village to build a solar power project. Transitioning to a cleaner energy system requires hard work from all of us. We will have to do this effort, this partnership between public and private sector participants several times over in order for us to make sure that electricity keeps flowing to light our homes and power our economy in a clean and sustainable manner,” she said.
“This project will supply clean energy to Meralco consumers at a fixed price for the next 20 years without risk of global oil or coal market or foreign currency fluctuation. As hosts to this project, the people of Batangas and Cavite will enjoy the additional financial benefits from each kilowatt-hour sold by the project. The team in Prime Solar will continue to take pride in supplying clean energy to our systems,” Dimalanta said.
Department of Energy Renewable Energy Management Bureau director Marissa Cerezo said Prime Infra’s solar power plants would contribute to the government’s efforts in fostering clean and sustainable energy resources.
“The DOE recognizes that the green energy that will be generated from this project will…ensure sustainable and secure energy. Moreover, this project to bring opportunities to the local community, in the potential to create jobs, stimulate economic growth, and attract investments. It is not just a facility. It is a catalyst for change,” Cerezo said.
