Coro Energy, the South East Asian energy company with a natural gas and clean energy portfolio, has announced that, further to the announcements on 12 October 2022 and 16 January 2023, that it has now capitalised the local Philippine subsidiary and re-submitted its application for the Philippines Department of Energy's Wind Energy Service Contract ('WESC') in respect of an area of interest for the onshore Oslob Wind Power Project in Oslob, Cebu.
Further announcements will be made, as appropriate, in due course.
Michael Carrington, Managing Director: Renewables, commented:
'Submitting our application for the Wind Energy Service Contract is a significant positive step for our Philippines business and, once secured, would increase the core NAV of our Philippines portfolio significantly.'
Source: Coro Energy
