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IMPERIAL LAUNCHES SOLAR MASS HOUSING
IMPERIAL LAUNCHES SOLAR MASS HOUSING
November 28, 2014
Imperial Homes Corp. said Thursday it will build the country’s first solar-powered mass-housing community that will produce electricity rates by P1 per kilowatt hour.
“We expect electricty rates to be at least P1 per kWh lower.” IHC president and chief executive Emma Imperial told reporters in a news briefing.
The solar-powered cominuty called Via Verde is composed of 1,000 mass housing units in Santo Tomas, Batangas.
Via Verde is located on a three-hectare property with a combination of row houses ans two-bedroom townhouses.
Each townhouse will have 500 watts of solar panels installed for free to enable buyers to enjoy lower electricity rates through the lease-back program of Enfinity of Belgium, Imperial’s partner in the project.
Imprerial signed a joint venture with Enfinity Group, a Belgian company that finances, builds, owns, operates and maintains solar panels with operation in the United States.
Imperial said it would spend P600 million to construct the housing while Enfinity allocated $1 million for the installation of the solar panels.
CBL Group, a UK-registered and China-based company, will provide green panels for pre-fab and modular housing.
“These solar-powered homes will dramatically reduce the cost of electricity and provide a greener environment for our low-cost housing projects,” Imperial said.
The project aims to alleviate the country’s backlog on mass housing currently pegged at three million as well as help provide a greener solution against the worsening effects of climate change.
-Manila Standard Today
– Alena Mae S. Flor
