Machinery company signs 2-year geothermal electricity PPA with EDC, Philippines
EDC has signed a 2-year power purchase agreement for up to 2.5 MW with Citizen Machineries Philippines. Under the agreement, EDC will deliver electricity generated from its BacMan geothermal power plant in Batangas.
As announced this morning, the Philippines’ Energy Development Corp. (EDC) has signed a two-year agreement to supply Citizen Machinery Philippines, Inc. with geothermal energy for the latter’s facilities in Tanauan City, Batangas province.
Commencing on December 26, 2018, EDC will provide Citizen Machinery Philippines with 2.5 MW of electricity from the company’s BacMan geothermal power plant.
EDC, through its unit Bac-Man Geothermal, Inc. (BGI), owns and operates 150-MW geothermal power plant in Bacon, Sorsogon City and Manito, Albay province.
“As a manufacturing company, Citizen Machinery Philippines desires to be supplied by stable and low-cost electricity, especially since our foundry consumes much power,” Citizen Machinery Philippines President Akihide Kanaya said in a statement.
“EDC’s BacMan geothermal project meets these criteria. At the same time, we remain committed to give our customers the highest level of satisfaction as possible,” he added. “This includes making sustainable contributions to society through innovative manufacturing solutions, while recognizing our impact to the environment. Choosing to be powered by 100-percent renewable energy strongly supports this commitment.”
The agreement comes a month after EDC signed a deal with Continental Temic Electronics Philippines to supply 2.7 MW of geothermal power, also sourced from the BacMan project.
Citizen Machinery Philippines (formerly named Miyano Philippines, Inc.) manufactures and assembles automatic lathe machines, which produces other machines for use in different industries. It is a subsidiary of Citizen Holding Co. Ltd.
EDC is a renewable energy focused power generation company and among the largest geothermal power plant operators worldwide.
Source: Network of News