MANILA – EEI Power Corp., led by Yuchengco, is set to develop an electric vehicle charging system through a new company after partnering with a cloud solution and service provider.
In a stock market statement Friday, EEI Power, the power generation subsidiary of EEI Corp., said it would own a 40% stake in the new company it would establish with SysNet Integrators Inc. (SysNet).
The company is expected to provide software solutions and equipment for managing electric vehicle power equipment.
SysNet, a 20-year-old company involved in building telecommunications products and other facilities, will develop and own the charging system licenses and technologies, according to EEI Power.
EEI Power recently partnered with electrical manufacturing company International Wiring System (Phils) Corp. (IWSP) to build a state-of-the-art 1,008 kilowatt solar rooftop system in Tarlac City.
The system will consist of approximately 1,800 500-watt photovoltaic (PV) solar panels that will provide at least 40% of IWSP Building 6’s daytime charging needs.
Apart from power generation, EEI Power is also engaged in retail power supply through its wholly owned subsidiary, EEI Energy Solutions Corp.
EEI Power holds a 10% stake in PetroGreen Energy Corp., which is among the developers of the 32 megawatt (MW) Maibarara geothermal power plant in Batangas province; 20% in PetroWind Energy Inc.’s 36 MW Nabas-1 wind farm in Aklan; and 44% in PetroSolar Energy Inc.’s 50 MW Tarlac-1 solar photovoltaic power plant. INQ
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