Acwa Power Philippines, a subsidiary of Acwa, has signed a Joint Development Agreement (JDA) with Emerging Power (EPI), the clean energy arm of Nickel Asia Corporation (NAC), to jointly pursue up to 5,000 MW of renewable energy and gas-fired generation capacity across the Philippines.
NAC is one of Southeast Asia's largest producers of
lateritic nickel ore and a company now pivoting into diversified natural
resources and energy development through EPI.
Under the JDA, Acwa and EPI seek to identify and - where
opportunities align - co-develop new power projects nationwide.
A priority near-term track is joint participation in the
Philippines' Green Energy Auction Program (GEAP), where the partners intend to
put forward competitive proposals in response to the government’s call for more
investments in renewable energy.
Dr Samir Serhan, Chief Executive Officer of Acwa,
said: "The Philippines has set one of the most ambitious clean energy
trajectories in Southeast Asia, and reaching it requires partners who can move
at scale and at pace. NAC brings deep local knowledge, an operating renewables
base through EPI. We bring three decades of delivering large-scale power and
water assets on time and on budget. Together, 5,000 MW is a starting point, not
a limit."
Martin Zamora, Chairman and CEO, of EPI stated: “This joint
development with Acwa Power Philippines actively accelerates the nation’s
transition to a low-carbon economy. Together, we are building scalable,
reliable, and sustainable power infrastructure that will energise Filipino
communities, drive economic growth, and safeguard our generations to come.”
Salman Baray, Country General Manager, Acwa Philippines, commented: "This is the collaboration we've been building toward since we established our presence in the Philippines last year, built on a balanced approach that encompasses local execution capability matched with global development muscle. GEAP is the obvious first test, but the real value is the longer pipeline we can shape together, including firm capacity where the grid needs it." -OGN/TradeArabia News Service
