By Jasper Y. Arcalas - February 2, 2017
Aboitiz Power Corp. on Thursday entered into a 12-megawatt (MW) power-supply contract with four of the country’s largest meat-processing companies.
In a signing ceremony on February 2 at Seda Hotel BGC, Foodsphere Inc., Virgina Food Inc., LIIP Food Processors Inc. and GenOSI Inc. signed up for a combined 12 MW of capacity supply from AboitizPower retail electricity suppliers Advent Energy and Aboitiz Energy Solutions. The four food companies are some of the largest members of the Philippine Association of Meat Processors Inc. (Pampi).
“We chose AboitizPower because of their cost-effective energy rates that would result to optimum savings for our company,” Foodsphere Inc. President and Pampi Vice President Jerome D. Ong said in a statement.
“Their being one of the most experienced and reputable energy source was another deciding factor. They have a very responsive and technically competent team that always provides superior after-sales support,” Ong added.
Virginia Food Inc. President Felix Tiukinhoy pointed out that competitive rates of AboitizPower will allow them to better manage their costs of production, especially in their power consumption.
“Because of the very competitive rate that AboitizPower offered, we are able to have predictable power cost over time. Also, we are banking on their reputation as a reliable and dependable energy company, and that they will deliver on their promise,” said Tiukinhoy, who is also the president of Pampi.
AboitizPower Executive Vice President and COO for Corporate Services Luis Miguel O. Aboitiz said the group is looking forward to a stronger partnership with its new customers and the Pampi as an organization.
“We are proud to be partners with an industry that is basically woven into the Filipino lifestyle, and an industry that employs a lot of Filipinos. We look forward to join Pampi as they grow,” Aboitiz said.
AboitizPower COO for its coal group Sebastian R. Lacson said the biggest advantage of AboitizPower is its diverse portfolio, which gives it the ability to respond to the needs of the customers while maintaining a competitive price.
“Our experience in both power generation and distribution gives us the capability to provide solutions to the needs of our customers. We are happy to be part of the meat-processing industry and to support them as they set out for more growth in the next years,” Lacson said.
AboitizPower has one of the widest portfolios of energy sources in the country coming from its renewable power facilities—geothermal, large hydro, run-of-river hydro and solar power plants.
The company also operates a number of coal power plants for baseload capacity and oil-fired power plants for reliable peaking supply.
Pampi and its more than 50 company members account for more than P300 billion in revenues, and provide direct and indirect jobs to more than 300,000 Filipinos.