Raslag Corporation is expanding its renewable energy portfolio by teaming up with a Singapore-based company to acquire a hybrid energy project.
In a regulatory filing, Raslag announced plans to acquire shares in a hybrid renewable energy project owned by an unnamed Singapore-based company.
Earlier, Raslag has secured a Notice of Award from Pampanga I Electric Cooperative, Inc. (PELCO I) for a 15-megawatt (MW) Peaking Power Supply Agreement (PSA), marking a key milestone in enhancing power reliability in the region.
With the PELCO I Board’s approval, the contract will now be submitted to the National Electrification Administration (NEA) for the issuance of a Notice to Execute Agreement.
As of March 21, the agreement remains pending final execution, awaiting NEA’s authorization. This development underscores the ongoing collaboration between private energy firms and electric cooperatives to address the country’s rising power needs.
As Raslag moves forward with strategic acquisitions and key power agreements, the firm remains committed to providing reliable and sustainable energy solutions. Stay updated with the latest developments in the energy sector—follow Power Philippines for more insights.
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