Danessa
Rivera (The Philippine Star) - June 10, 2019 - 12:00am
MANILA, Philippines —
Citicore Power Inc. (CPI) will start retailing power to Cagayan Holiday &
Leisure Resort (CHLR) after it was tapped to provide clean and sustainable
energy to the luxury resort and casino complex in Cagayan.
CHLR signed a retail
power supply contract with CPI, through its retail electricity supplier
Citicore Energy Solutions Inc. (CESI), to power up its operations with
renewable energy.
“We preferred Citicore
Power as our retail electricity supplier because they offer complete,
customized and competitively-priced solutions,” CHLR CEO Jack Yan said.
“In addition,
partnering with Citicore gives us the opportunity to support the development of
renewable energy and to help in reducing the impact of electricity generation
on the environment,” he said.
A locator in the
Cagayan Special Economic Zone and Freeport, CHLR is a luxury beachside resort
and casino complex in Sta. Ana, Cagayan province.
Through the country’s Retail Competition and Open Access program, large
electricity consumers in Luzon and Visayas with an average monthly peak demand
of at least one megawatt (MW) can apply to become a contestable customer in
order to have the ability to choose its own electricity supplier.
CPI president Oliver
Tan said they see more opportunities in the retail market to further push
renewable energy development.
“Retail energy supply
is definitely being recognized now in many industrial and commercial facilities
as this enables them to choose their own electricity providers that can support
their companies’ economic and sustainability goals. And we see more
opportunities,” he said.
“We are truly happy
that CHLR has partnered with us for the supply of its energy requirements. This
would allow them to generate meaningful savings from their operating costs, and
to live their corporate value of environmental stewardship,” Tan said.
CPI also supplies power
to the Ayala Group, Citystate Centre Condominium Corp., and Mactan-Cebu
International Airport.
It is a purely renewable
energy generation company with more than 160 MW of installed plant capacity and
a pipeline of close to 300 MW under development and construction.
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