First Gen Corp./ EDC renew power contract for General Milling in the Philippines
First Gen Corp. reports a new contract for the supply of electricity by its renewable energy company EDC to General Milling Corp. has been signed. Power is likely to come among others from EDC's geothermal plant on Negros Island, Philippines.
First Gen Corp. has renewed a contract with food firm General Milling Corp. (GMC) related to the supply of electricity sourced from renewable energy.
First Gen said that under the new contract, the Lopez-led firm would provide GMC’s factory in Lapu-Lapu City with electricity coming from Energy Development Corp. (EDC), First Gen’s renewable energy arm.
EDC has an installed power generating capacity of 1,471.8 megawatts, from geothermal, wind, hydro and solar energy platforms.
The previous contract from 2016 explicitly stated the supply of 6.5 MW of power to come from an EDC geothermal plant on Negros Island, so we assume the same applies to the new contract.
The factory in Lapu-Lapu is the largest in the portfolio of GMC, which has been manufacturing flour and bakery products for more than 50 years.
GMC has since expanded to the manufacture of animal feeds, corn mill, snack food, pasta, instant noodles, edible oil and coffee.
“We chose to renew with First Gen and EDC because aside from the pure renewable energy that they provide, we are very satisfied with their service. It is just like a renewal of vows for us,” GMC executive vice president Joselito Parco said in a statement.
Last December, EDC signed a two-year contract with its latest customer being Citizen Machinery Philippines Inc. (CMP), maker of lathe machines with facilities in Tanauan, Batangas. CMP is a subsidiary of Japanese timepiece maker Citizen Watch. The contract involves the supply of 2.5 MW of geothermal power.
Source: Business Inquirer