Official Commissioning of ISLASOL II Solar Power Plant

Manapla, Philippines
22:00
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COMMISSIONING OF ISLASOL II

OFFICIAL COMMISSIONING OF ISLASOL II SOLAR POWER PLANT

6 April 2016, Manapla, Philippines

The ISLASOL II (formerly called San Carlos Solar Energy III (SaCaSol III)) solar power plant was officially commissioned on 6 April. ISLASOL II is part of a portfolio of solar power plants financed, implemented and sold in 2015 to the Philippine Investment Alliance for Infrastructure (PINAI) with total capacity of 125 MW, which supplies almost 300,000 people with sustainably generated electricity. PINAI is a consortium established by institutional investors in order to invest in the Philippine infrastructure market. These investors include Macquarie Infrastructure and Real Assets (MIRA), the Philippine Government Service Insurance System (GSIS), Dutch pension fund APG and the Asian Development Bank. The ceremony was also attended by a large delegation of European financial experts and equity providers, a large number of high-ranking representatives from Asian politics, business and the media and representatives of project partners as well as institutional investors.

Speakers speaking in front of the over 500 guests and press representatives were: Rev. Father Conrado U. Mantac (Manapla Parish Church), Hon. Lourdes L. Escalante (Mayor of Manapla City) Representative of Hon. Alfredo G. Marañon (Governor of Negros Occidental), Robert G. Vergara (President & GM of Government Service Insurance System), Michael Rodriguez (Managing Director of Macquarie Infrastructure & Real Assets) and T.U. Michael Sieg (Chairman & CEO ThomasLloyd Group).