P244-B energy projects up for fast-tracked registration

P244-B energy projects up for fast-tracked registration

/ 02:10 AM February 14, 2024

P244-B energy projects up for fast-tracked registration

Photo from boi.gov.ph/website

MANILA, Philippines  -The Board of Investments (BOI) has endorsed to the government’s “green lane” energy projects worth P244.26 billion, with the roster of projects certified for the priority program now totaling 41.

The green lane scheme is aimed at expediting, streamlining and automating government approval and registration processes for projects that are deemed as strategic investments.


READ: Bongbong Marcos admin orders setting up ‘green lanes’ for strategic investments


The BOI on Tuesday said that it had given a certificate of endorsement for the P2.7-billion solar project of the Burgos Pangasinan Solar Energy Corp., which is expected to begin operations in September of 2026.

Solar power plant

The investment promotion agency described the project as a ground-mount solar power plant covering an area of around 71.5 hectares, with a target installed capacity of 65 megawatt peak.

READ: BOI to fast-track approval for P336B in projects

Additionally, the BOI also endorsed two wind projects in Western Visayas worth P221.6 billion: Guimaras Strait Wind Power Project under the Triconti Southwind Corp. and the Guimaras Strait II Wind Power Project under the Jet Stream Windkraft Corp.

For geothermal plans, the BOI has endorsed four, including the P689.9 million Baua-Sikaw Geothermal Power Project of the Pan Pacific Power Phils. Corp.

Geothermal power projects

The other three are the P6.66-billion Daklan Geothermal Power Project in Benguet, the P7.58-billion Mt. Labo Geothermal Power Project in Quezon, Camarines Norte and Camarines Sur, as well as the P5.03-billion Mt. Malinao Power Project in Camarines Sur and Albay.


These three energy projects are expected to create 1,500 jobs from exploration and development, well drilling, and commercial operations, according to the BOI.

The One-Stop-Action-Center for Strategic Investments of the BOI receives and evaluates the application.

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TAGS: Board of Investments (BOI), energy projects

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