BOI endorses PHP12.36B Tigon Power solar project
The Board of Investments (BOI) has endorsed TIGON Power Corp.'s PHP12.36-billion solar power project in Pampanga.
On January 22, the One-Stop Action Center for Strategic Investments (OSAC-SI) granted a Green Lane Certificate to Sapang Balen Solar Sustainable Energy Corp., TIGON's unit responsible for the project.
The ground-based solar facility will cover 405.52 hectares in Mabalacat and Magalang towns with an installed capacity of nearly one gigawatt.
The project is expected to create up to 5,000 jobs during various stages of development.
TIGON currently has almost 1 gigawatt peak capacity of renewable energy projects in the Philippines.
Through the green lane endorsement, government agencies are required to expedite permit and license processing for strategic investments like this solar project.
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