MRC Allied breaks ground on pilot solar rooftop project

Listed MRC Allied Inc. has broken ground on its pilot solar rooftop project which will power up rice milling plants in North Luzon.

In a statement, MRC said it commenced the project development and implementation for the 550-kilowattpeak (kwp) solar photovoltaic (PV) rooftop facilities in Northern Luzon.

The project marks MRC’s entry into the solar PV industry as the company recently added solar PV rooftop into its business portfolio.

“As we break ground our pilot project, we want to inform the investing public that MRC is serious in setting foot into the solar PV and renewable energy space and not only that, by implementing these projects we are improving and giving shareholder value to our stockholders,” MRC president and chief executive officer Augusto Cosio Jr. said.

The company is aggressively working to increase the capacity.

“We are happy that we are also setting up the facility in rice mills because we get to contribute to countryside development by giving the agricultural sector an access to renewable energy technology solutions such as this while enjoying the savings of cheaper cost of power,” Cosio said.

“In turn, it will lower the cost of production which might eventually reduce the price of agricultural products in the future,” he said.

MRC earlier formalized an engineering, procurement and construction (EPC) contract with local firm Edward Marcs Philippines Inc. (EMPI) for the project.