Prime Infrastructure Capital Inc. subsidiary Prime Solar Solutions Corp. on Wednesday inaugurated its 64-megawatt solar power plant in Maragondon, Cavite. This early, it already plans adding 12 MW worth of capacity to the enterprise.
Prime Infra said the Maragondon, Cavite facility is one of two power plants under Prime Solar’s inaugural project supplying up to 128 MW of clean, renewable energy. The other plant is in Tanauan, Batangas.
Guillaume Lucci, Prime Infra president and chief executive officer, said the combined capacity of the projects can power 84,000 households and displace more than 100,000 tons of coal a year.
Prime Solar also has a 20-year, 50-MW supply agreement with Meralco.
“This project will supply clean energy to Meralco consumers at a fixed price for the next 20 years without risk of global oil or coal market or foreign currency fluctuation. As hosts to this project, the people of Batangas and Cavite will enjoy the additional financial benefits from each kilowatt-hour sold by the project. The team in Prime Solar will continue to take pride in supplying clean energy to our systems,” said Monalisa Dimalanta, ERC chairperson, in a statement.
Prime Infra is the Razon Group’s business arm that focuses on building assets that support energy, access to clean water and waste management.
