Acwa Power Philippines and Emerging Power Inc (EPI), Nickel Asia Corp’s power generation arm, have signed a joint development agreement to jointly explore development of up to 5000 MW of renewable energy and gas-fired generation capacity across the Philippines.

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World Future Energy Summit 2027 (WFES 2027)

The agreement plans to provide renewable energy and gas-fired power generation at a national scale to establish an immediate pathway to bid jointly into the Philippine government’s Green Energy Auction (GEA) Programme, and also to serve retail electricity suppliers and distribution utilities.

The two companies said that they will identify new power projects nationwide and co-develop projects where their strategic interests align.

Samir Serhan, CEO of Acwa, said: “Together, 5000 MW is a starting point, not a limit.”

Martin Antonio Zamora, Chairman and CEO of EPI, said that the partnership actively accelerates the nation’s transition to a low carbon economy.