The Board of Investments (BOI) has endorsed the P12.4-billion solar power project of TIGON Power Corp. in Pampanga.

BOI said in a statement Monday that the One-Stop Action Center for Strategic Investments (OSAC-SI) granted the Green Lane Certificate of Endorsement to TIGON’s unit Sapang Balen Solar Sustainable Energy Corp. (SBSSEC) last Jan. 22 to fast-track the development of the project.

The project is a ground-based solar power facility covering a total area of 405.52 hectares, spanning Mabalacat and Magalang towns, with a planned installed capacity of 301.580 megawatts direct current (246.604 MW alternating current).

“The project is also expected to generate up to 5,000 direct and indirect employment opportunities during its stages of construction, commissioning, operations, and maintenance,” BOI said.

To date, TIGON has almost 1 gigawatt peak capacity of renewable energy projects in the country.

Through the green lane endorsement, national government agencies and local government units should provide faster and simplified processing of permits and licenses as the project is treated as strategic investment.

“OSAC-SI will continuously monitor the actions taken by agencies on applications for permits and licenses and shall submit a report accordingly,” the BOI added.

As of Jan. 17, OSAC-SI has granted green lane certificates to 179 strategic investments amounting to P4.55 trillion, majority of which are in renewable energy sector. 

BOI PHOTO