AboitizPower to energize new Batangas economic zone

AboitizPower IPO

AboitizPower has partnered with Science Park of the Philippines for the energy needs of its newest 212-hectare project, the Light Industry & Science Park (LISP) IV located in Malvar, Batangas.

AboitizPower will be responsible for the construction, installation, operation, and maintenance of the power distribution of LISP IV for 25 years. The project will have two 50 MW transformers to ensure quality and reliable power supply.

“With our goal to make LISP IV another world-class and sustainable industrial estate similar to our other developments, we saw the need for a partner who shares our commitment to quality, innovation, and sustainability,” said SPPI President Richard Albert I. Osmond.

Executive Vice President and Chief Operating Officer of AboitizPower Distribution Business Group Jaime Jose Y. Aboitiz said that this partnership could provide employment and business solutions to Filipinos and foreign partners.

Economic zones, through their products and services, are major drivers of our economy. They provide thousands of Filipinos with gainful employment. We are happy to support these zones and their locators through reliable, dependable and efficient power, so they can continue to contribute to the growth of the economy, our people, and the country.”

LISP IV is part of a mixed-use development called Malvar Cybergreen, which includes commercial, institutional, and residential areas. It retains about 35% of its original landscape to preserve its natural ecosystem that enhances the environmental quality of the park. It has numerous advantages including the ability to withstand the worst-recorded flooding in the area in a hundred years.