Lopez-led Energy Development Corporation (EDC) recently announced that it is providing renewable energy (RE) to Bounty Agro Ventures, Inc. and Cebu-based steel firm Chioson Development Corporation (CDC).
Bounty markets known chicken brands, such as Bounty Fresh, Chooks-to-Go, and Uling Roasters. CDC, meanwhile manufactures steel products for construction purposes.
Bounty said it opted to shift to RE, including geothermal energy, as its source of power in its poultry farms and facilities because of its reliability and stability, making Bounty Fresh chicken products more sustainable.
“Switching to [RE] not only helps create a greener future, [but] it also realizes the ambition of a developed and self-sustainable Philippines,” Bounty SVP-Breeder Group Carl Chung said in a statement.
As for CDC, three of its facilities get power from from EDC’s geothermal facilities under the government’s green energy option program (GEOP), wherein businesses consuming at least 100 kilowatts of electricity monthly can qualify as contestable customers.
This enables CDC to avoid emitting 1.86 million tonnes of carbon dioxide annually, thus lowering its carbon footprint.
“We want to have a sustainable and reliable [RE] supplier to push our advocacy for producing rebar, nails, and pipes in a clean and sustainable way. So by moving words into action, [CDC] has chosen to source its power supply from geothermal energy to further reduce its own carbon footprint on the environment,” said CDC COO Bernard Chioson.
EDC’s parent firm First Gen Corporation has three retail electricity suppliers under GEOP, namely Bacman Geothermal, Inc. (BGI), First Gen Energy Solutions, and Green Core Geothermal, Inc. (GCGI).
GCGI particularly provides power to the exclusive Manila Polo Club in Forbes Park, Makati City and Megaworld’s Uptown Place building complex in Fort Bonifacio, Taguig City; while BGI supplies electricity to the iconic Ali Mall in Cubao, Quezon City.