Aboitiz Power Corporation will be supplying 40 megawatts (MW) in renewable energy (RE), specifically geothermal, to a Pampanga-based electric cooperative (EC).
The company recently signed a power supply agreement with the Pampanga II Electric Cooperative (PELCO II).
Under the deal, AboitizPower, through subsidiary AP Renewables, Inc. (APRI) would provide geothermal power to PELCO II’s franchise area, which include Mabalacat City, except the Clark Special Economic Zone, and the towns of Bacolor, Guagua, Lubao, Sasmuan, and Sta. Rita.
Electricity supply will come from APRI’s plants, particularly Makban in Laguna and Batangas, and Tiwi in Albay.
The AboitizPower-PELCO II deal was formalized under a four-month Competitive Selection Process initiated by the EC.
“This partnership reinforces AboitizPower’s role in promoting the use of [RE] in the country as we strive to provide reliable power supply and integrate environmental stewardship in our operations,” APRI President and COO Dennis Jordan said during the contract signing held in Clark.
Back in August, AboitizPower announced that it is allocating Php190 billion to increase its RE assets to 4,600MW or around half of its power generation portfolio by 2030. The government aims for RE to compose at least 35% of the country’s energy mix also by then.
“We are hopeful that this partnership with AboitizPower will really contribute to the development of Pampanga and expand the use of [RE] in the country. We all know that the focus of government efforts to develop North Luzon is concentrated on Pampanga. Our Technical Working Group has chosen AboitizPower to be the most responsive and compliant bidder, and we are looking forward to realizing the benefits of having them as our new supplier of RE for development projects for households and businesses in the region,” said PELCO II General Manager Amador Guevarra.
