Home OPINION PARTNERSHIP FOR RENEWABLE ENERGY PLANT PROJECT

PARTNERSHIP FOR RENEWABLE ENERGY PLANT PROJECT

THE Aurora Pacific Economic Zone and Freeport Authority has forged a partnership
with an energy infrastructure development firm which would pave the way for the
transformation of the former’s vast property into an energy power plant.

APECO President and CEO Gil Taway 4th hailed the recent signing of the letter of
cooperation with Amaris Energy Inc. led by its president and CEO Antonio Manahan Jr.
“This collaboration signifies a turning point for our ecozone as this wouldn’t only support
our existing infrastructure but also pave the way for incoming investors in our ecozone.”

Under their agreement, Manahan said Amaris, which is allied with other local and
foreign companies, will infuse funds to transform at least 100 hectares of land into an
energy power plant utilizing renewable energy technology enabled by the natural
resources available in the area.

Named to the post late last year through APECO’s board, Taway said the project is
expected to catalyze the rapid growth of the economic zone located in the municipality
of Casiguran, Aurora province.

“Of course with Amaris supporting the existing energy demand of present locators while
allowing new investors to come in,” he said.

The APECO chief said they’ve committed to the national government to contribute
especially on energy security especially in far-flung provinces.

“APECO is dedicated to harnessing Casiguran’s bountiful resources to transform the
zone into a beacon of progress and a model for balanced and sustainable development
while preserving and showcasing the natural wonders that make Aurora a true gem of
the Philippines.”

He said APECO has focused on ecotourism in the past years, but is now looking to find
rapid growth by including light and medium industries in its investor portfolio.

Manahan said his company has put more confidence with the leadership of Taway,
hence, their decision to partner with APECO “in exploring an energy future that is built
on the foundations of sustainability.”

Established through Republic Act 9490 in 2007, APECO operates as a decentralized,
self-reliant and self-sustaining industrial, commercial/trading, agro-industrial, tourist,
banking, financial and investment center with suitable residential areas.

APECO is a government-owned and controlled corporation which purpose is to attract
investments, to generate jobs, and to improve social and economic conditions of the
local community.

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