(BusinessWorld) THE PHILIPPINE Economic Zone Authority (PEZA) has partnered with Upgrade Energy Philippines, Inc. (UGEP) for solar energy projects within economic zones in Cavite and Baguio City.
In a statement on Thursday, PEZA said UGEP will develop and implement 10-megawatt (MW) solar projects at the Cavite Economic Zone (CEZ) and Baguio City Economic Zone (BCEZ) under the first phase of the three-year partnership signed on Sept. 22.
“Under the memorandum of understanding, UGEP will conduct feasibility studies in CEZ and BCEZ to determine the viability of the first phase projects prior to its implementation,” PEZA said.
The agreement also allows UGEP to generate and sell solar power to end consumers in the zones through the designated distribution utilities within the ecozones.
PEZA will assist UGEP in the studies, identification of land areas within the zones suitable for the project, and registration of the solar photovoltaics under the PEZA. .. Read More