PRESS
Techcross Water & Energy Signs A JDA for Photovoltaic Power Project in the Philippines with Korea Energy, KIND and CSFirst
2020-09-17
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Representative director KIM Jung-Chul of Techcross Water & Energy Inc.,
representative director HEO Gyeong-Gu of KIND, representative director YU
Hyang-Yeol of Korea Energy and representative director KIM Hyeong-Gi of CSFrist
are taking a photo at the head office of KIND in Yeoui-do on the 17th (Thurs.).
Techcross Water & Energy Inc. (representative director: KIM Jung-Chul) announced
that it has signed a joint development agreement (JDA) for a photovoltaic power
project in the Philippines with Korea Energy (representative director: YU
Hyang-Yeol), Korea Overseas Infrastructure & Urban Development Corporation
(KIND, representative director: HEO Gyeong-Gu) and CSFirst (representative
director: KIM Hyeong-Gi).
The
signing ceremony was held at the head office of KIND in Yeoui-do on the 17th
(Thurs.), attended by the representative director KIM Jung-Chul of Techcross Water & Energy Inc., the representative director YU Hyang-Yeol of Korea
Energy, the representative director HEO Gyeong-Gu of KIND, the representative
director KIM Hyeong-Gi of CSFirst and their officers and employees.
This
agreement aims to pursue a photovoltaic power joint-project of a scale of 100MW
in the Bayambang region in the Philippines, where the parties will perform ▲
project development, ▲ design and ▲ construction and operation &
management.
Cooperation
among the parties with different know-hows in photovoltaic power projects is
expected to establish a foothold for business expansion to the new and
renewable energy market in the Philippines and to provide a solution for power
shortage issue in the country.
An
official of Techcross Water & Energy stated that “The Philippines is one of
the representative countries suffering from power shortage. We hope that this
project will help resolve the unstable and short power supply problem” and that
“other than photovoltaic power, (we are) expanding our global business into
other new and renewable energy sectors, such as ESS and fuel cell.”
Meanwhile,
Techcross Water & Energy is an integrated environmental service provider
that engages in water treatment projects, such as domestic and overseas
pure·ultrapure water and other industrial water supply, sewage and wastewater
treatment and sewage reclamation, waste to energy, air
pollution reduction projects, and development, design, construction and
operation of photovoltaic power, ESS and other renewable energy
projects.
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