Chevron Philippines Inc. (CPI) is set to supply diesel to nine of Aboitiz Power Corporation’s power generation plants after the two companies signed a supply deal.
AboitizPower’s Oil Business Unit president and CEO Ronaldo Ramos said that they are looking forward to” operational efficiency and worry-free operations so we can keep supplying much-needed power to keep the lights on in many Filipino households.”
AboitizPower has businesses in power distribution, generation, and retail electricity services with a total capacity of 3,962 megawatts (MW). The company has diversified assets in oil, coal, and renewable energy.
The two companies, however, did not disclose details of the supply deal, including the cost, volume, and schedules of the delivery of the procured fuel supply.
Chevron Philippines chairman Billy Liu said that the company’s goal is to keep AboitizPower’s equipment running and electricity flowing at their thermal plants “so they can continue to provide for the energy needs of the nation.”
American energy giant Chevron Corporation first provided fuel for AboitizPower’s Therma Visayas Inc.’s power plant in Toledo, Cebu during its start-up when it was synchronized back to the gird after the onslaught of Typhoon Odette last December.