PETROGREEN Energy Corp. said Monday that subsidiary San Jose Green Energy Corp. had signed a 10-year power supply agreement with SN Aboitiz Power Group .Under the agreement that will commence in 2025, SJGEC will supply SNAP with 15.6 megawatt-alternating current power from its renewable energy facilities.The deal 'strengthens the viability' of PGEC's San Jose Solar Power Project in Nueva Ecija, company President and CEO Francisco Delfin Jr. said.
'Our signing with SNAP, with whom we have inked five power supply contracts since 2019, testifies to the continuing mutually beneficial relationship between our companies and our shared commitment to enhancing the country's energy security through renewable energy,' he added.PGEC said that site development and transmission line works were on-going for the 10.1 megawatt-direct current Phase 1 of the San Jose project and is targeted for completion by early 2025.
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