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Manila Bulletin devider Trade & Energy devider P183-B investments granted green lane processing

P183-B investments granted green lane processing

Published Jul 27, 2023 09:01 am
The Board of Investments (BOI) has issued Green Lane Certificates to P183 billion worth of investments from four sustainable projects, ranging from floating solar projects to data centers and common towers. BOI Managing Head Ceferino S. Rodolfo identified these strategic investments to include the P66 billion  SunAsia Energy Inc. for its 1300MW floating solar project in Laguna de Bay; the P52 billion Phil-tower Consortium Inc. for its 7,907 Built-to-Suit Common Towers; P50 billion project of Narra Technology Development Park for its Hyperscale Data Center in New Clark City, Tarlac; and the NK Solar One Inc.’s P15 billion 250MW floating solar project in Caliraya, Laguna. On top of these projects, the BOI added other projects worth P78.5 billion are already under evaluation for green lane processing. Among the projects being evaluated are five more floating solar projects, a micro-hydro electric plant, a reinforcing steel bars producer, and a section mill project. These projects comprised the 12 applications received by the One-Stop Action Center for Strategic Investments of the BOI for Green Lane projects announced by Trade and Industry Secretary Alfredo E. Pascual, who is also BOI chairman. These projects are in the renewable energy, digital infrastructure, manufacturing, and electricity. He also said that these projects are set to generate at least 19,250 jobs. During his second State of the Nation Address, President Marcos said that other strategic investments approved for processing through the newly established “green lanes” of the BOI  amount now to P230 billion. BOI-approved investment projects have reached P1.2 trillion during the first  year this year. The president also noted that he has embarked on foreign trips to promote the interests of the country, for peace-building and for mutually beneficial purposes. “Those economic missions have yielded an estimated total investment value of P3.9 trillion or $71 billion with a potential to generate 175,000 jobs,” the president said.

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