March 14 (SeeNews) - A joint venture between Singapore-based Sindicatum Renewable Energy Company (SREC) and two other firms on Friday inaugurated the 22.3-MW Clark Solar Power plant in the Philippines.
The USD-40-million (EUR 36m) project was jointly developed by Sindicatum, Armstrong Asset Management and Mabalacat Solar Philippines Inc (MSPI). It involved the construction of a solar power station at a freeport managed by state-owned Clark Development Corp (CDC).
The Clark Solar Power facility was completed on March 7, but is expected to become fully-operational by the end of the month. Excess power will be fed into the Luzon grid.
CDC said in a statement, quoted by local media, that SREC also plans to build a 25-MW solar farm near the Clark Green City in the future.
(USD 1.0 = EUR 0.900)