Source: bernama.com
KUALA LUMPUR, Aug 7 (Bernama) -- Nexif Ratch Energy (NRE), an independent power producer focused onrenewable energy solutions, has announced the Calabanga Solar Project (CARE) located in camarines surSouth Luzon, Philippines, has successfully reached commercial operation on Aug 5.
According to NRE in a statement, this milestone followed the completion of a rigorous testing andcommissioning process conducted by the National Grid Corporation of the Philippines.
NRE Chief Executive officer, Cyril Dissescou said: "We are delighted to announce the successful commercialoperation of the Calabanga Solar Project, our first operating project in the Philippines.
"CARE demonstrates our commitment to delivering reliable and sustainable energy solutions, contributing tothe Philippines' renewable energy objectives.
Meanwhile its Chairman, Surender singh said with commercial operation date (coD) of the CARE and thestrong progress it is making on other projects in target markets, the company remains on track with its planned growth trajectory.
CARE is a 74.2 megawatt peak (MWp) ground-mounted solar photovoltaic (pv) project and the first utility-scale solar power project in the Bicol Region, delivering clean energy to the national grid.
The solar project wil sell most of its electricity production through a 10-year Power supply Agreement with asubsidiary of Aboitiz Power Corporation Group, ensuring stable revenue streams.
NRE is committed to the Philippine renewable energy market, currently developing the 145MWp NPsl solarproject in Visayas as well as advancing the development of several wind energy projects including the sanMiguel Bay nearshore wind project with a capacity of up to 500 MW and the Lucena offshore wind proiectwith a capacity of up to 450 MW.
Headquartered in singapore with regional offices across Southeast Asia, NRE is owned 5i per cent by Nexif
Energy (singapore) and 49 per cent by RATCH Group (Thailand).
