On Wednesday, LOPEZ-LED First Gen Corp. announced that it had been selected by property developer Megaworld Corp. to supply 6.17 megawatts (MW) of geothermal energy to the latter’s four office towers in Taguig City.
Beginning March 26, First Gen will provide clean power to Uptown Place Towers 1, 2, and 3, as well as the flagship Alliance Global Tower, which holds the headquarters of Megaworld’s parent company Alliance Global Group, Inc. and its subsidiaries.
The renewable energy will come from First Gen’s Tongonan geothermal power plant in Kananga, Leyte, according to Carlos Lorenzo L. Vega, vice president and head of power marketing.
According to Ramon A. Carandang, First Gen vice-president and head of corporate affairs, the power generation business decided to collaborate with Megaworld because the latter and its parent company shared the Lopez-led group’s objectives of supporting renewable, inexpensive, and safe energy while combating climate change.
“We are thankful to Megaworld for reacting to our invitation to collaborate on renewable energy advocacy. Collaborations, including minor ones like ours with Megaworld, will help mitigate the buildup of radioactive carbon dioxide in the environment if we choose to replicate them,” he added.
As of the end of 2020, the company’s array of power plants had a total output of 3,492 MW.