JGC Holdings Corporation announces that JGC Philippines, Inc. has been awarded the Engineering, Procurement and Construction (EPC) contract of a mega solar power plant generation project with 94MWdc capacity in Bugallon, Pangasinan, Philippines for Aboitiz Power Corporation, through a special-purpose vehicle wholly owned by the company’s subsidiary Aboitiz Renewables, Inc. (ARI).
A large number of renewable energy projects are under development in the Philippines due to the Philippine government's introduction of Renewable Portfolio Standards (RPS), a market-based policy that mandates electricity suppliers to source an agreed portion of their energy supply from eligible renewable energy resources.
Aboitiz Power, leading power producer in the Philippines, is targeting to expand its total power generation capacity to 9,200 MW by 2030, half of which will come from various renewable energy sources.
This project is recognized as the first solar power plant generation project developed by AboitizPower in Luzon. The firm will continue to develop more renewable power plant projects over the next 10 years to contribute to supporting the energy transition in the country.
JGC Philippines, fully owned by JGC Group, has executed EPC and Operation & Maintenance (O&M) services for a variety of facilities in the Philippines for over 30 years. The awarding of this project is the result of the JGC Group's extensive experience in EPC execution of solar power plants as well as JGC Philippines' extensive project execution capability. JGC Philippines will make continuous effort to support our client's needs related to power plant development especially renewable energy and LNG (liquefied natural gas) power generation.
JGC Group has set "Taking on EPC growth markets and segments" as one of the key strategies in its medium-term management plan "Building a Sustainable Planetary Infrastructure 2025(BSP2025)". JGC Group will strengthen our regional management structure and execute future projects closely together with local clients to leverage local resources in the region.