BCDA & Japanese Firms Inks Deal on Development of the Clark Green City


The Philippines Bases Conversion and Development Authority (BCDA) and two Japanese firms, the Hitachi Asia Ltd., and The Power Grid Solution Ltd., signed a memorandum of Understanding (MoU) for the development of the highly anticipated Clark Green City project.


The MoU signing between the Philippines and the two Japanese firms was signed during the state visit of Pres. Rody Duterte in Japan. During Pres. Duterte's visit to Japan he was also able to bring home an estimated $19 billion worth of investment and loans from the Japanese government and the private sectors of Japan.

According to BCDA the partnership deal gives Hitachi Asia Ltd., and The Power Grid Solution Ltd., the authority to make a feasibility study for Clark Green City, which is considered as BCDA's most ambitious project next to Bonifacio Global City.

The study is "specifically for establishing an energy management system, an energy storage system, a district cooling system, and a total energy network system through the establishment of a private utility company." It costs approximately P10 million and are expected to be finished within six months.

The Hitachi Asia Ltd., is one of Asia's leading company that distributes and markets electrical products, electronic products, information systems, power and industrial systems, digital media systems, and consumer products.

The Power Grid Solution Ltd., on the other hand is one of Japan's most popular company in the energy sector that promotes energy innovation business by providing worldwide consulting and engineering services that synergize Hitachi's information technologies and TEPCO's operation technologies.

The Memorandun of Understanding between BCDA and the two Japanese firms came after a similar partnership deals on infrastructure development with various Chinese companies was also signed during Pres. Rody Duterte's first state visit to China.

The BCDA also signed MoUs with China Road and Bridge Corp. and China Harbour Engineering Company Ltd. for feasibility studies on the Subic Clark Railway project and the Fort Bonifacio-to-NAIA Bus Rapid Transit (BRT) system.

Watch the Presentation of the Clark Green City:



BCDA & Japanese Firms Inks Deal on Development of the Clark Green City BCDA & Japanese Firms Inks Deal on Development of the Clark Green City Reviewed by Phil Newsome on 10/31/2016 Rating: 5

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