RASLAG Corp. has approved the acquisition of land parcels totaling 100 hectares in Brgy. Liwayway, Sto. Rosa, Nueva Ecija for P807.73 million.
In a disclosure to the stock exchange, RASLAG outlined its plan to procure land in Brgy. Liwayway to develop the RASLAG VII and RASLAG VIII projects, both designed to connect to the NGCP 69 kV transmission line.
This strategic expansion aims to fortify RASLAG’s energy portfolio, providing an avenue for increased revenue generation.
RASLAG emphasized the pivotal role of this expansion in increasing revenues, highlighting the transformation of agricultural lands into industrial-commercial use for the development of solar plants.