RATCH Group Public Company Limited (SET: RATCH) has announced the commercial operation of a solar power plant in the Republic of the Philippines via the Stock Exchange of Thailand (SET).
RATCH Group Public Company Limited had invested in Calabanga Ground-Mounted Solar Power Plant Project with the installed capacity of 74 megawatts, equivalent to 36.3 megawatts in the company’s shareholding proportion, through Calabanga Renewable Energy CARE Inc., a subsidiary of Nexif Ratch Energy Investments Pte. Ltd., in which the company holds 49 percent of shares through RH International (Singapore) Corporation Pte. Ltd., the company’s wholly-owned indirect subsidiary in the Republic of Singapore.
The Calabanga Ground-Mounted Solar Power Plant has commenced commercial operation on 5 August 2024.
The Power Plant is located in Camarines Sur Province in the south of Luzon Island, Republic of the Philippines. It has a 10-year Power Purchase Agreement with a subsidiary in the Aboitiz Power Corporation Group for majority of the generated electricity while the rest of the generated electricity will be sold in Wholesale Electricity Spot Market or be entered into short-term Power Purchase Agreement directly with retail customers.
