LAOAG CITY: A Korean Company is set to invest at least $70m for a solar power plant to be constructed in two towns in Ilocos Norte. Korean national Stephen Chae, chief executive officer and vice president of EC Cobuy Philippines, Inc (ECCPI), said amount is the company’s initial investment for the installations of materials and equipment for the solar power plant in the towns of Badoc and Vintar.
The ECCPI is one of the well- known companies in the country that produce materials for renewable energy plant such as the solar power with system on Hanwa Solar Modules and solar tracker; the wind power with system on dual blade dual turbine (DBDT) wind generator system and led lighting with higher efficiency and longer life.
“At least 13,000 solar panels requirement are initially planned to be used for the construction of the solar power plant within 60 to 70 hectares of lands located in the towns of Badoc and Vintar,” he said.
The power plant is expected to generate more than 20 megawatts of electricity.
Chae said the project is a first of its kind and considered biggest solar plant project to be installed in the country.