MRC’s 123-hectare Cebu Techno Park/New Cebu Township in Naga City, Cebu, was initially Osmeña’s project, which was given exclusive economic zone status during the Fidel Ramos administration. Its operations as an economic zone is under the supervision of the Philippines Export Processing Zone Authority.
In 2015 MRC also went into the renewable-energy business. Last January, the Bases Conversion and Development Authority leased for 25 years 260 hectares of its Clark Green City in Clark Freeport to Bitanga’s Sunray Power, Inc. which will build a 100-megawatt P12-billion solar power facility there. Sunray’s chairman is Salvador Zamora, the brother of Nickel Asia chairman Manuel Zamora and Rep. Ronaldo Zamora.
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