SunContract Partners with Philippine Government-Owned CEZA
Great strides within Asian Market
SunContract is pleased to announce its new partnership with Philippine government-owned CEZA.
The Cagayan Economic Zone Authority (CEZA) is a government owned and controlled corporation that has been tasked to develop, manage, operate, and supervise the development of the 54,000-hectare Cagayan Special Economic Zone and Freeport (CSEZFP) into a major transhipment port, an agro-industrial hub, and a tourism center.
Supporting Sustainable Development Goals, CEZA Freeport is envisioned to be a self-sustaining industrial, commercial, financial, tourism and recreational center, in order to effectively encourage and attract legitimate and productive local and foreign investments and eventually create employment opportunities and increase income and productivity in the rural areas around the Freeport Zone. CEZA is headed by Secretary Raul L. Lambino (pictured above) as its current Administrator and Chief Executive Officer.
The Cagayan Special Economic Zone and Freeport is located in northern Luzon, in the Philippines — strategically positioned between the Pacific Ocean and China — enjoying proximity to lucrative overseas markets such as Taiwan, Hong Kong, Japan, Korea, and the People’s Republic of China. This puts SunContract’s Asian market expansion prospects in a very favourable position. Moreover, the Philippines enjoys the abundance of sunlight, making it an ideal climatic location for P2P energy trading on the SunContract platform.
SunContract and CEZA intend to establish a strategic cooperation in the field of renewable energy, using SunContract’s peer to peer energy trading services in an effort to achieve SDGs as presented by UN in the Agenda 2030. While SunContract will undertake the construction and implementation of a peer-to-peer energy trading platform in the Cagayan Freeport, CEZA will provide local market support for the development of SunContract’s project in the Philippines. Both parties will seek more cooperation opportunities on implementing new blockchain-based models for renewable energy and P2P energy trading services.
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