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Monday, December 2, 2024

Terra, Power China sign deal to build largest solar project

Terra Solar Philippines Inc. (TSPI) said Monday it signed an engineering, procurement and construction (EPC) contract with the Power Construction Corporation of China Ltd. along with its affiliates, marking a significant milestone in building the world’s largest integrated solar photovoltaic (PV) and battery facility.

TSPI, a subsidiary of Solar Philippines New Energy Corp. (SPNEC), is constructing a 3,500-megawatt peak solar power plant paired with a 4,500 MWhr battery energy storage system in Central Luzon which is estimated to provide clean energy to more than two million households.

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MGEN Renewable Energy Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corp. (MGen), holds a controlling stake in SPNEC.

Project company MTerra Solar recently broke ground at its Gapan, Nueva Ecija site that will provide 850 MW of mid-merit, clean and sustainable energy, making it competitive with conventional power plants.

Power China will handle the development of the project’s East section, which spans about 1,505 hectares. The area includes Barangay Makabaklay in Gapan, Barangay Pias in General Tinio and Barangay Callos in Peñaranda in Nueva Ecija. The section accounts for 1,050-MWp of the total capacity of the MTerra Solar Project.

Power China is a globally recognized leader in the field of planning, design, and construction of electric power infrastructure with presence across Africa, Asia and Europe.

“MTerra Solar serves as our bold step towards ensuring a sustainable energy future for the Philippines — and with Power China as our partner, we are well on our way to achieving our vision of a cleaner energy future for the Philippines,” said TSPI president and executive director Dennis Jordan.

Power China’s track record includes the delivery of complex and large-scale infrastructure projects, such as the 540-MW Kauswagan Coal-Fired Power Plant, 1,320-MW Dinginin Coal-Fired Power Plant and the Dumanjug Converter Station of the Visayas-Mindanao Interconnection Project.

“We sign this EPC agreement with Power China recognizing their expertise, exceptional track record, and unwavering commitment to excellence — we know that they will help us realize our bold ambition…” said MGEN president and chief executive Manny Rubio.

The partnership with Power China underscores TSPI’s commitment to deliver MTerra Solar efficiently, safely and on-time. Power China and its affiliates will oversee procurement, design, engineering, permitting, manufacturing, testing, logistics and on-site delivery of materials related to the project execution.

The agreement covers warranty, defect resolution and the implementation of operational and maintenance protocols to ensure long-term reliability and success of the MTerra Solar Project.

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