Dr. Lucio C. Tan has switched on for the Lucio Tan Group of Companies a two-megawatt solar plant in line with the Foundation’s ongoing programs and projects that aim to protect the environment.
Dr. Tan, also the Tan Yan Kee Foundation, Inc. (TYKFI) Chairman and President, formally opened the solar power facility within the Absolut Distillers, Inc. in Lian, Batangas on March 25, 2015 with government officials led by Energy Secretary Carlos Jericho Petilla.
ADI general manager Mr. Gerardo Tee said the project is the first venture in renewable energy of the Lucio Tan Group and the first solar plant built in the province of Batangas.
The facility, composed of 8,160 panels, occupies about 27,000 square meters within an industrial area where the 17-hectare ADI plant in Lian, Batangas is located. The Group invested P189 million in the project.
According to Mr. Tee, ADI will sell the power generated by the facility to the Batangas Electric Cooperative (Batelco) for P9.68 per kilowatt-hour, the rate approved by the Energy Regulatory Commission for solar energy under the Feed-In Tariff (FIT) scheme.
Mr. Tee said that with the solar project, the Group has strengthened its commitment to mitigate the effects of climate change on a more meaningful scale.
Meanwhile, Dr. Tan said the facility is the first of renewable energy facilities that the conglomerate is eyeing to build. “This 2-MW facility is just the beginning. We see even greater possibilities,” he said.
RSS Feed
