THE Board of Investments on Friday announced it granted a Green Lane endorsement to Filinvest Renewable Corp.'s P4.8-billion hydroelectric power project with an energy production capacity of 33.400 megawatts.The BoI awarded the Green Lane certificate of endorsement to the company's Pampang Hydroelectric Power Project on June 11.FDC Renewables is a fully owned subsidiary of FDC Utilities Inc. , the utility arm of Filinvest Development Corp.
This initiative is expected to generate jobs for at least 300 Filipinos, with operations slated to start in December 2028.FDCUI President and Chief Executive Officer Juan Eugenio Roxas said that the Green Lane endorsement is very timely, especially with constant red and yellow alerts of the Luzon grids.
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