A subsidiary of Aboitiz Power Corp. has extended its electricity supply deal with the New Ecija Electrical Cooperative for 41 megawatts (MW) of renewable energy to 10 municipalities in the region for another five years, the company said on Friday.
In a press release, AboitizPower announced that its unit, AP Renewables, Inc., had ended its relationship with Nueva Ecija II Electric Cooperative Area 1 (Neeco II Area 1) during a ceremony on 16 December.
AP Renewables will supply its sustainable and green energy brand or “Cleanergy” to 10 municipalities under the Neeco II Region 1 franchise for five years starting in December 2020.
“This collaboration with AboitizPower is certainly part of the ongoing commitment to power the needs of the citizens and companies of the communities we represent thus minimizing our carbon footprint,” said Neeco II Area 1 Board Chairman Reynaldo V. Villanueva.
Neeco II Area 1 opened a competitive selection procedure for its energy needs in March. Out of the four vendors that participated in the bidding phase, AP Renewables was announced to be the preferred power provider.
Juan Alejandro A. Aboitiz, First Vice President of Commercial Activities, shared his appreciation that AP Renewables was selected to meet the energy needs of Neeco II Region 1.
“It is such an energizing way to finish the year and genuinely a moment to be proud of as we intensify our group-wide initiatives to integrate environmental stewardship and to seek long-term development collaborations,” said Mr. Aboitiz.
Three years ago, Neeco II entered into a 33-MW power supply agreement with AboitizPower. The partnership represented 80% of the peak market for the operation region of the electrical cooperative.
AboitizPower generates “Cleanergy” from its numerous hydroelectric, geothermal and solar power projects. The organization is seeking to greatly broaden its Cleanergy portfolio. The goal of renewables is to account for 65 percent of the new output of the listed organization by 2030.