Sunray Power Inc. (SPI), an affiliate of listed energy player MRC Allied, Inc., has bagged a contract to develop the 100-megawatt (MW) Clark Solar Project, in Tarlac, with a budget of P8.5 billion. MRC Allied said on Tuesday that the Department of Energy (DoE) had awarded the solar service contract (SESC No. SPI is working on the Clark Solar Project in partnership with the Bases Conversion Development Authority (BCDA), the developer of the Clark New City previously known as Clark Green City. Incorporated in 1990, MRC Allied holds a diversified portfolio in property development and mining exploration, and is currently pursuing energy projects. In September 2017, MRC Allied acquired a 15-percent stake in Sulu Electric Power and Light Philippines Inc. (Sepalco) for $5 million (P254.66 million), saying this was a significant addition to the 100MW Clark solar project and the 60MW Naga solar project, which are both in their predevelopment stages.

Source: Manila Times March 20, 2018 16:52 UTC