Under the agreement, RoK businesses will participate in building renewable power generation facilities with a total capacity of 100MW at sites under the management of the Philippine defence ministry. The planned power generation facilities will run on various sources including solar, wind, water and geothermal heat.
The project aims to supply eco-friendly electricity to military-related facilities and nearby areas, helping ease power shortages in the Southeast Asian nation.
This is the first time RoK businesses have participated in a renewable energy project with a foreign army.
The agreement follows a memorandum of understanding on renewable energy cooperation signed in June last year when Philippine President Rodrigo Duterte visited Seoul.
VietNamPlus