THE Board of Investments (BoI) has recently approved the application for registration of Sinoma Energy Conservation (Cebu) Waste Heat Recovery (WHR) Co. Inc. as a new operator of a 4.5-megawatt (MW) power generating plant in Naga City, Cebu province.

In a statement on Friday, BoI said Sinoma complied with the qualification requirements under 'Energy' of the 2020 Investment Priorities Plan as the transitional Strategic Investment Priority Plan of the recently enacted Corporate Recovery and Tax Incentives for Enterprises Act (Create).