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MAEC Currimao Solar Plant

Sector: Commercial • Location: Philippines

Source: World Bank Group

Project
Active

Mirae Asia Energy Corporation (MAEC), from South Korea, was developing the 20MW Currimao solar plant, in ILocos Norte Province. The plant was expected to generate 30 GWh annually, and consist of 60 hectares of land.

The project started construction in November 2012 and was expected for commissioning in May 2014. An MOU with the local government was signed in October 2011. Construction was expecte

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The project “MAEC Currimao Solar Plant” is an infrastructure initiative in the Commercial sector, located in Philippines. Taiyo aggregates data on it from World Bank Group.

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Description

Description

Mirae Asia Energy Corporation (MAEC), from South Korea, was developing the 20MW Currimao solar plant, in ILocos Norte Province. The plant was expected to generate 30 GWh annually, and consist of 60 hectares of land. The project started construction in November 2012 and was expected for commissioning in May 2014. An MOU with the local government was signed in October 2011. Construction was expected to take 18 months. The site was considered favorable due to relatively little rainfall. Total project cost was P2.4 billion (US$59 million). Debt funding was expected to come from both local and foreign banks. No furhter information was available, therefore listed here as under development. http://www.abs-cbnnews.com/nation/regions/11/16/12/korean-firm-build-solar-power-plant-ilocos-norte http://www.malaya.com.ph/index.php/business/business-news/19863-mirae-asia-starts-building-p2b-solar-plant

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High

Data quality score

100%

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