2013, August 10
US$70-M solar, wind farms to power up more IN towns
BADOC, ILOCOS NORTE—The more, the merrier.
Joining the line-up of wind and solar power farms in the country’s seeming capital of renewable energy, another company with investors from South Korea is ready to shell out US$70 million for the installation of a solar power plant and turbo wind power turbine system and LED lighting at the hometown of famous Filipino painter Juan Luna.
On August 10, Badoc officials and residents witnessed the signing of a four-page memorandum of understanding (MOU) between the municipality of Badoc and EC COBUY Philippines Inc. represented by Stephen Chae, CEO and vice president with his Filipina wife Lorena, president and Dong Seop Sin as technical director of the project. Six other guests from Korea namely Guen Sun Yong, Ho Seop Shin, Hyun Soo Gwoon,
Jung Won Han, Yun Soo Song and Yong Sub Lee also attended the MOU signing at the Badoc Municipal Hall.
Chae said in an interview that his company in Korea has been in more than decade-old
business of solar energy and expanding here in the Philippines is just timely to boost the national government’s aggressive promotion for green energy projects to keep pace with the worldwide trend.