Business January 7, 2019 TDG
SCIENCE Park of the Philippines,
Inc. (SPPI), one of the country’s leading industrial estate developers, has
partnered with AboitizPower for the energy needs of its newest project, the
Light Industry & Science Park (LISP) IV, a 212-hectare park situated in
Malvar, Batangas.
LISP IV is part of a mixed-use
development called Malvar Cybergreen, which includes commercial, institutional,
and residential components. It retains about 35% of its original landscape to
preserve its natural ecosystem that enhances the environmental quality of the
park. It has numerous advantages including the ability to withstand the
worst-recorded flooding in the area in a hundred years.
“With our goal to make LISP IV
another world-class and sustainable industrial estate similar to our other
developments, we saw the need for a partner who shares our commitment to
quality, innovation, and sustainability,” said SPPI President Richard Albert I.
Osmond.
Jaime Jose Y. Aboitiz, Executive
Vice President and Chief Operating Officer of AboitizPower Distribution Business
Group, said that “this new partnership underscores AboitizPower and SPPI’s
efforts to provide Filipinos and foreign partners with excellent business
support and services that are adherent to global standards. Economic zones,
through their products and services, are major drivers of our economy. They
provide thousands of Filipinos with gainful employment. We are happy to support
these zones and their locators through reliable, dependable and efficient
power, so they can continue to contribute to the growth of the economy, our
people, and the country.”
AboitizPower, through its
distribution utility, Malvar Enerzone Corporation, will manage the
construction, installation, operation, and maintenance of the power
distribution of LISP IV for 25 years.
LISP IV will have two 50-megawatt
transformers to ensure that its locators, most of which are export
manufacturing and industrial companies, will have reliable and good quality
power supply. AboitizPower has been in the power distribution business for 80
years now.It operatesthe second and third biggest distribution utilities in the
country – Visayan Electric Co., which serves the Metro Cebu area and Davao
Light and Power Co., which serves Davao City and its surrounding areas. It also
operates Cotabato Light and Power Co.
AboitizPower’s EnerZone Group has
also been the trusted power distribution partner of various Philippine Economic
Zone Authority (PEZA)-registered economic zones in Mactan, Balamban, Subic and
Lipa, ensuring reliable and dependable power supply for locators.
About AboitizPower
AboitizPower is the holding company
for the Aboitiz Group’s investments in power generation, distribution, and
retail electricity services. It advances business and communities by providing
reliable and ample power supply at a reasonable and competitive price, and with
the least adverse effects on the environment and host communities.
The company is one of the largest
power producers in the Philippines with a balanced portfolio of assets located
across the country. It is a major producer of Cleanergy, its brand for clean
and renewable energy with several hydroelectric, geothermal and solar power
generation facilities. It also has thermal power plants in its generation
portfolio to support the baseload and peak energy demands of the country.
The company also owns distribution
utilities that operate in high-growth areas in Luzon, Visayas, and Mindanao,
including the second and third largest private utilities in the country.
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