NKS Solar One and the National Power Corp. (NPC) signed a memorandum of agreement (MOA) on Oct. 16, 2024 to launch a watershed reforestation initiative in Laguna province.
It aims to rehabilitate a three-hectare area in the Caliraya-Lumot Watershed. The ceremony, held at Macquarie Group’s Manila office as part of its annual Foundation Week, underscores a shared commitment to environmental sustainability.
The agreement brings together key officials from NKS Solar One, NPC, Blueleaf Energy Philippines, Macquarie Group in the Philippines and local leaders from Barangay East Talaongan.
Their goal is to protect critical watershed areas, in line with Blueleaf Energy’s mission to develop renewable energy projects that drive both ecological and social impact.
The Adopt-A-Watershed program will focus on reforestation and sustainable ecosystem restoration, benefiting both local communities and the environment. NPC president and chief executive Fernando Martin Roxas emphasized the importance of the initiative.
“Reforestation is essential not just for restoring forests, but for safeguarding the water sources that are crucial to millions of Filipinos. It ensures the longevity of our dams and helps mitigate climate change,” Roxas said.
Christopher Chua, investment director and country head of Blueleaf Energy Philippines, said “the project is closely aligned with our values of environmental stewardship and sustainable development. By restoring the watershed, we ensure its vital role in water security and ecosystem preservation.”
Eric Yaptangco, Philippines country head of Macquarie Group, noted the company’s sustainability commitment.
“This reforestation project reflects our dedication to fostering resilience and addressing climate change, in line with our broader corporate responsibility. Sustainability is a core focus at Macquarie, as we empower people to build a better future,” Yaptangco said.
NKS Solar One, a joint venture between Blueleaf Energy Philippines and NKS Energy Utilities, is behind the 250-megawatt floating solar project in Lakes Caliraya and Lumot. The watershed reforestation project will complement their renewable energy efforts, reinforcing its vision of contributing to sustainable development.
