(The Philippine Star) | Updated June 22, 2017 - 12:00am
MANILA, Philippines
- The developer of Bonifacio Global City (BGC) has signed a deal with
Ayala-owned AC Energy Holdings Inc. for the provision of renewable power supply
to its office and retail developments.
The agreement will
power up eight of Fort Bonifacio Development Corp.’s buildings, including
properties such as BGC Corporate Center, Bonifacio High Street, Central Square,
Bonifacio Stopover, Park Triangle and Bonifacio Technology Center.
The electricity supply
will include certified emission reductions (CER) certificates sourced from
renewable energy plants to ensure electricity purchased by FBDC is carbon
neutral.
“This partnership with
AC Energy is part of our commitment to maintain a progressive yet
environmentally sustainable community. This is just the first eight buildings.
We intend to do the same for our future developments and hope to encourage
other BGC locators to follow suit,” BGC’s head of commercial operations Manny
Blas said.
FBDC, a company
controlled by Ayala Land Inc. and Evergreen Holdings of Joselito Campos, has
partnered with the Bases Conversion and Development Authority (BCDA) to convert
the former US military base into a world-class business and residential center
in Taguig.
Earlier, AC Energy said
it is entering the retail energy business initially targeting a 50-megawatt
(MW) supply in the next three years in line with the full implementation of
retail competition and open access (RCOA).
It acquired a retail
license from the Energy Regulatory Commission (ERC) in 2016.
As of March 2017, AC
Energy has reached 50 MW of switched and committed customers.
Under the RCOA regime,
end-users that are part of the contestable market, or contestable customers,
are given the choice to choose their supplier of electricity, aimed to foster
competition in the generation and supply sector.
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