Tersis Technologies has signed a memorandum of understanding (MoU) with Pingkas Capital to jointly develop, finance, deploy and operate waste-to-energy (WtE) projects in the Philippines using Tersis’ Syngenic V3 technology platform. The partnership’s first proposed project is planned in Bataan, with the potential for wider deployment across the Philippines and subsequently throughout the ASEAN region.
Under the agreement, Tersis will provide technology, engineering, training and operational support, while Pingkas Capital will lead local stakeholder engagement, permitting, regulatory coordination, financing and business development activities. The partners also intend to develop strategies for generating carbon credits, Verified Carbon Standard (VCS) certifications and Renewable Energy Certificates (RECs).
Pingkas Capital has secured exclusive rights to deploy the technology in the Philippines for an initial 12-month period, extendable to 24 months, with exclusivity potentially expanding across ASEAN following the financial close and commercial operation of the first project.