State-owned National Power Corporation (Napocor) CEO FERNANDO MARTIN Y. R0XAS on Monday signed a Memorandum of Understanding (MOU) with MR HARLEY LUIS T LEANO, CEO of Renewable Energy Corporation (APTI REC) to promote and identify priorities for the development of sustainable renewable energy using biofuel and bio-mass hybrid power in the country, particularly in Small Power Utilities Group (SPUG) areas. APTI REC is a subsidiary of Asian Pyrochem Technologies, Inc., an authorized export and import channel of the Governments of Indonesia and the Philippines under a government-to-government energy program through PT PP Persero TBK and Philippine National Oil Company (PNOC). Napocor President and CEO Fernando Martin Y. Roxas said that the move is part of the corporation’s sustainability agenda and to gradually minimize its operation’s dependence on fossil fuels.