EEI Corporation (EEI) announced that it inks a Memorandum of Understanding (MOU) with Industry Holdings and Development Corp. (IHDC) for the joint exploration and co-development of three potential solar farms with a total possible output of 150MW. Initiation of the potential projects is targeted in the next two years.

The MOU signing was held at RCBC Plaza in Makati City and was attended by Lorenzo Tan, Chairman of EEI; Henry Antonio, President and CEO of EEI; Francis Chua, Chairman of IHDC, and Noel Santiago, President of IHDC. IHDC positively welcomes the partnership with EEI.