Apart from being a retail electricity supplier (RES), Mabuhay Energy Corporation (MECO) is also poised to enter the renewable energy (RE) scene with solar and hydroelectric ventures as part of its Php500 million capital expenditure (capex) for 2021.
Mabuhay Energy Chairman and CEO Sherwin Hing said that the company’s RE projects include its solar farm in Bulacan with a planned capacity of up to 20 megawatts (MW), an 18MW hydroelectric plant in Lanao Del Sur; and some embedded generation projects.
“The solar farm is through Excell Energy, our subsidiary that’s purely into solar. It’s going to be a joint venture with a company that owns the property in Bulacan. We’re eyeing groundbreaking sometime in September,” Hing said.