Bright investments

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By Dennis Limlingan

The Advocate

Monday, March 30, 2015


RECENTLY, the Novosol Power Company, a power generation company based in Canada, Africa and the United States has partnered with Dona Isabel Power Corporation for a venture that will establish a $80-million solar power plant in Barangay San Juan, Apalit, Pampanga.

Jaime "Boy" Tetangco, head the latter company, said that the ambitious power generation project through solar energy, will help communities from six towns currently served by the Pampanga III Electric Cooperative Inc. (Pelco 3).

Officials of the Novosol, Dona Isabel, Pelco 3 and the local government officials of Apalit town were present during the groundbreaking ceremonies of the said power plant.

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Tetangco said that his company has likewise partnered with firms from the Czech Republic for the funding of the plant that is expected to generate at least 10 megawatts of electric power.

Further, he added that the electricity the solar power plant will sell is 100 percent lower than what Pelco 3 buys. Pelco 3 currently supplies Apalit along with the towns of Macabebe, Masantol, Minalin, San Simon and Sto. Tomas.

Meanwhile, an agreement between the Pelco 3 management and Tetangco has already been forged for the former to buy electric power supply from the latter once the said solar power plant will be completed at the end of the year.

In a similar development, the Lucio Tan Group is said to be investing in renewable energy, beginning with the solar power plant project of Absolut Distillers Inc. (ADI) in Batangas.

ADI’s permits are now in the pipeline and it was reported to start supplying the Luzon grid with electric power soon and will enjoy the Feed-in-Tariff incentive program of the government for renewable energy such as the tapping of the sun’s heat to generate electricity.

Once completed and become operational, it intends to sell electricity too to the local electric cooperative in the said province at a much lower price as compared to the current supplier of electricity to Batangas.

Not too long ago, a giant mall in Metro Manila has invested in the installation of solar panels and solar power system at its rooftop to tap the sun’s energy to produce electricity.

The mall’s installation of a solar power source is expected to save the said establishment millions of pesos in its electric power supply expenses.

With the three investments in solar power, it seems that even big companies with much finances to pay for their electric power are into renewable energy like the solar power, not only to save money but also to help in taking care of the environment.

Renewable energy are earth friendly and does not use consumable raw materials such as coal or oil to produce electric power.

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For any comments, ideas, suggestions or opinions, text or call The Advocate at 09213636360 or send email at dencious@yahoo.com

Published in the Sun.Star Pampanga newspaper on March 31, 2015.

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