Emerging Power receives tax incentive package for Mindoro projectOriental Mindoro, Philippines (source: flickr/ Welcome to my B&B, creative commons)Francisco Rojas 22 Sep 2014Emerging Power Inc. (EPI) has received the package of tax incentives from the Board of Investments (BOI) as a new renewable energy developer out to put up a 40 megawatt, US$185M-geothermal power project in Naujan, Oriental Mindoro. We thank the BOI for granting EPI the tax incentives without undue delay,” said EPI Chairman Martin Antonio G. Zamora. EPI’s Mindoro geothermal project is being built on a multi-use zone that straddles barangays Montelago, Montemayor and Melgar-B in the municipality of Naujan. Zamora said the geothermal power project will stabilize power and bring down electricity costs in the blackout-hit island-province which is largely dependent on bunker fuel. Rey Umali (Liberal Party, 2nd District of Oriental Mindoro) who said, “The Mindoro geothermal project is the embodiment of the promise of EPIRA for the Philippines to have reliable, sustainable, renewable, and affordable energy.”The Mindoro project will also spawn downstream industries like aquaculture and eco-tourism.