Kinergy Advancement Collaborates with LCS Holdings for Innovative 20MWp Solar Farm Project in the Philippines

Kinergy Advancement Berhad (KAB), a sustainable energy expert, is venturing further into Southeast Asia’s renewable energy sector as it plans on setting up a solar power project in the Philippines in partnership with a renowned Philippine conglomerate, LCS Holdings Inc (LCS).

KAB’s subsidiary, KAB Energy Holdings Sdn Bhd (KABEH), has executed a Head of Agreement (HOA) with LCS. Together, they’ll develop a 20 MWp Solar Farm in Santa Ilocos Sur, Philippines, expandable to 100 MWp. LCS, the project owner, has secured all permits and contracts.

The signing ceremony was attended by Mr. Luis Crisologo “Chavit” Singson, Ex-governor of the province of Ilocos Sur and Chairman of LCS Holdings, showcasing the project’s importance and the strong relationship between the parties.

Partnering with LCS strengthens KAB’s renewable energy portfolio across Malaysia, Thailand, Indonesia, and the Philippines. With a 25-year lifespan, the project ensures stable, long-term income for KAB by exporting energy to RES or WESM in the Philippines.

Speaking about the project, Dato’ Lai Keng Onn (“Dato’ Lai”), Executive Deputy Chairman cum Group Managing Director of KAB, said, “The signing of this HOA with LCS is a cornerstone in our strategy to broaden our renewable energy initiatives and expand beyond Malaysia into the Southeast Asia market. This collaboration is not just a business venture; it’s a step towards a sustainable future. We are eager to combine our technical expertise in renewable energy with LCS’s local insights to make this project a benchmark in the industry.”

Mr. Luis Crisologo “Chavit” Singson, Ex-governor of the province of Ilocos Sur and Chairman of LCS Holding, added, “The 100 MWp solar power plant is not just a numerical achievement; it signifies our dedication to harnessing the natural power of the sun to meet the energy needs of today without compromising the needs of future generations. This venture not only allows us to address the urgent global call to reduce worldwide carbon emissions, but it also fosters economic growth, creates job opportunities, and contributes to the well-being of the communities in which we operate.”

“By combining LCS’s extensive expertise in solar energy and our prowess in engineering solutions, we aim to create a model of renewable energy efficiency and economic viability. This project, with a 25-year lifespan, is not just a significant step towards a more sustainable future but also an avenue for sustained long-term earnings for our group,” Dato’ Lai further commented.