In a continued effort to address the power supply challenges in the province, the Provincial Government of Davao Oriental, under the leadership of Governor Niño Uy, has reinforced its partnership with DY Green Energy Corporation. This was formalized through the signing of a Lease Agreement on March 3 for the land currently utilized for the construction of a 50-megawatt power generation plant in Barangay Maputi, Banaybanay, Davao Oriental.
The signing ceremony was attended by DY Green Chief Executive Officer King Shing Donny Yeung, Provincial Administrator Atty. Al Aquino, Provincial Legal Officer Atty. Elsie Matilac, Provincial Treasurer Ging Rodriguez, and Provincial Assessor Ging Serrano. Also present were Provincial Consultants Dashiel Indelible Sr. and Mel Laborada, Engr. Jun Celmar, and Barangay Maputi Captain Ariel Sison.
The 40-hectare property, owned by the Provincial Government, will be leased to DY Green Energy for a period of 15 years during its operational phase. The land will be exclusively used for the construction and installation of the solar PV project, with a monthly rental fee of PHP 500,000.00.
Governor Uy expressed his satisfaction with the agreement, emphasizing its role in strengthening the collaboration aimed at resolving the province’s growing electricity concerns. He also highlighted that this initiative reflects the provincial government’s commitment to fostering socio-economic development in Davao Oriental.
According to Donny Yeung, DY Green Energy anticipates commencing the supply of 50-megawatt electricity by October or November this year. The initiative is expected to reduce power generation charges and system loss costs, as the energy source will be located within Davao Oriental, potentially leading to lower electricity rates for consumers.
Beyond the direct benefits of stable power supply, the provincial government is optimistic about the economic impact of the solar plant. It is expected to generate job opportunities for local residents and attract more investors to Davao Oriental, further enhancing the province’s economic landscape.