Mecaro Rio Vista Energy Corp. (MOREnergy), Mecaro Co. Ltd., Philippine Nippon Steel Construction (PNS Construction) and ESCA Engineering have signed an agreement to provide technical expertise in wind energy projects to Philippine National Oil Co. (PNOC) for the wind projects that it will embark on. Aside from technical support, they will also provide financial and environmental studies for PNOC’s wind energy program.
PNOC is owned by the Philippine Government, meaning that any wind project they develop is for the benefit of the government.
Also mentioned in the report was the likely possibility of Japan Bank for International Cooperation (JBIC) and Japan International Cooperation Agency (JICA) extending financial support for any wind energy project that PNOC embarks on.
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Category: Wind, Financing
