Construction firm EEI Corporation (EEI) shows its strong commitment to sustainability as it inks a Memorandum of Understanding (MOU) with Industry Holdings and Development Corp. (IHDC) for the joint exploration and co-development of three potential solar farms with a total possible output of 150MW. Initiation of the potential projects is targeted in the next two years.
The MOU signing was held at RCBC Plaza in Makati City and was attended by Lorenzo Tan, Chairman of EEI; Henry Antonio, President and CEO of EEI; Francis Chua, Chairman of IHDC, and Noel Santiago, President of IHDC.
“In our Company’s undertakings, we uphold the global push for clean and renewable energy. This endeavor with IHDC is an opportunity for EEI to further promote environmental sustainability. Together, we could bolster our commitment to the environment and sustainable economic growth,” said Henry Antonio, EEI President and CEO.
IHDC positively welcomes the partnership with EEI.
“IHDC and EEI are determined to achieve fruitful outcomes from this collaboration that will benefit the economy, environment, and social living standards of the people altogether,” stated Noel Santiago, President of IHDC.
EEI is a 92-year-old company engaged in the business of general engineering construction and in other industries such as the development, construction, commissioning, operation, maintenance, rehabilitation, and management of various power plants and renewable energy generating facilities through its subsidiary. IHDC is a firm engaged in the investment, purchase, and acquisition of properties, manufacturing, and logistics.
“Aside from this endeavor on solar farms, EEI and IHDC are also eyeing opportunities to participate in future projects under the Public-Private-Partnership (PPP) program. In EEI, we have a relentless commitment to nation-building, thus, we are very much eager to explore future opportunities under the PPP program wherein we can help provide better facilities for the country and the people,” Antonio remarked.
 with IHDC for the co-development of three potential solar farms, totaling 150MW. The partnership aims to promote environmental sustainability and drive economic growth while exploring future opportunities under the Public-Private-Partnership program.){kind=link}