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Aboitiz signs contracts for 13.5 MW geothermal power supply in the Philippines

Makban geothermal power plant, Philippines (source: ThinkGeoEnergy, creative commons)
Alexander Richter Alexander Richter 12 Jan 2019

Aboitiz Power has signed a power supply contract with The Net Group (TNG) for the supply of 13.5 MW of electricity from its geothermal power plants under AP Renewables Inc.

Reported before the weekend, AboitizPower’s Cleanergy is now providing all seven buildings of The Net Group (TNG) with clean and renewable energy.

AboitizPower and TNG signed a power supply contract this week, in which the former will supply a total of 13.5 MW to TNG’s seven office buildings.

These TNG buildings include Net Park, Net Lima, Net Plaza, Net Quad, Net Cube, Net Square, and Net One Center, all of which are located in Bonifacio Global City (BGC).

AboitizPower Energy Trading and Sales First Vice President Sandro Aboitiz said this is the third contract between AboitizPower and TNG.

The partnership of AboitizPower and TNG began with only five TNG buildings requiring 10 MW of clean and renewable energy. It added two megawatts in its second contract, and hiked its requirement to 13.5 MW.

“We are honored to have been chosen anew by one of the country’s most sustainable organizations, TNG. This inspires us even more to continue growing our balanced mix of renewable and thermal assets. Of our 50 power plants, 32 make up our Cleanergy portfolio of hydro, geothermal, and solar facilities,” said Aboitiz.

Moreover, AboitizPower Chief Operating Officer Emmanuel Rubio said the company is optimistic with the renewable energy market in the country.

“Renewable energy will going to be competitive in the next three to four years,” said Rubio.

The power supply is sourced from AboitizPower’s geothermal plants under AP Renewables Inc. (APRI), which has facilities in Tiwi, Albay; Bay and Calauan, Laguna; and Sto. Tomas, Batangas.

Source: Philippines News Agency