A foreign-backed homegrown company is targeting to start in January the development of a 150-megawatt agrovoltaics solar power plant, touted as a “pioneering” renewable energy project in the country.
ENPC-1, which is based in Purok Guadalupe in Barangay Conel, is 60-percent owned by a local company and the 40-percent equity by an undisclosed United States-based funder, she said. For the Conel-Mabuhay project, she said they are initially planning to plant upland rice and ginger and later on develop a green tea plantation on the ground hosting the over 200,000 solar panels.
Amante said that would translate to an actual power rate of P8 to P9 per kwh, which is below the average P10 to P11 rate here charged by South Cotabato 2 Electric Cooperative .