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Article: Philippines: Foreign investors keen on renewable energy.
- Article from:
- TendersInfo
- Article date:
- May 9, 2009
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Byline: kusumv03
Foreign investors are exploring development of renewable energy sources in the country, Philippine National Oil Co. (PNOC) said. PNOC president Antonio M. Cailao said the state-run company hopes to conclude a solar power project with a German power firm.
A US-based firm is mulling to tie up with PNOC for a hydropower plant project while a Korean firm is on a lookout for a windpower project. Power firms from Singapore and Thailand are also looking at potential renewable energy projects. PNOC is now focused on the development of renewable energy sources," he said. PNOC administers and monitors the country s oil and power supply.
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