(11 March 2025, Makati City) - The Pacific Impact Development Corporation (PIDC) and the Aurora Pacific Economic Zone and Freeport Authority (APECO) discussed current updates on the entry of the Singaporean-based renewable energy company to the economic zone. With a 16 hectare parcel of land already identified by APECO for the project, PIDC has in recent months undergone their due diligence and feasibility study of the area. During the meeting, the parties also discussed the proposed investment and lease agreements which are already in the final stages of negotiation. With groundbreaking in Casiguran being imminent, both parties are excited to plan the ceremony which is expected to be scheduled in the coming months.
This 16-MW renewable energy facility is set to play a crucial role in both the economic zone and the region’s economic development as it is expected to power the expected industry developments APECO has been tirelessly trying to establish. APECO representatives led by President and CEO, Atty. Gil G. Taway, alongside Deputy Administrator, Mr. Angelo Gabriel D. Mantuano, Corporate Planning Department Manager, Ms. Ma. Cristina G. Suaverdez and Business Development and Marketing Division Manager, Mr. Gene Angelo P. Ferrer, r, recently convened with PIDC’s Managing Director, Mr. James Timko and Vice President, Mr. Darwin F. Deato, to discuss the project’s next critical steps which included the finalization of PIDC’s power supply agreement with the Aurora Electric Cooperative (AURELCO).
PCEO Atty. Gil G. Taway IV reaffirmed APECO’s commitment to assisting PIDC in expediting the procurement of permits, instruments, and the necessary regulatory approvals from government agencies such as AURELCO. These initiatives underscore APECO’s dedication to fostering an investor-friendly environment that ensures major projects like PIDC’s solar farm development can move forward efficiently. As the final hurdles are being cleared, anticipation builds for the positive impact the solar farm will bring to Casiguran’s economic landscape. This project is expected to create jobs, enhance business operations, and reinforce the economic zone’s position as an emerging hub for industrial and commercial activity.
