Listed construction firm EEI Corp. said Wednesday it signed a deal with Industry Holdings and Development Corp. for the joint exploration and co-development of three potential solar farms with a total possible output of 150 megaWatts.
The memorandum of understanding between EEI and IHDC calls for the initiation of the planned projects within the next two years.
“This endeavor with IHDC is an opportunity for EEI to further promote environmental sustainability. Together, we could bolster our commitment to the environment and sustainable economic growth,” said Henry Antonio, EEI president and chief executive officer.
IHDC president Noel Santiago said the potential partnership with EEI “will benefit the economy, the environment, and social living standards of the people altogether.”
EEI’s Antonio said aside from renewable energy, the partnership also aims to participate in future projects under the Public-Private-Partnership program.
“In EEI, we have relentless commitment to nation-building, thus, we are very much eager to explore future opportunities under the PPP program wherein we can help provide better facilities for the country and the people,” Antonio added.
