By
Lenie Lectura - October 18, 2018
AC Energy Inc., the
development arm of the Ayala group in the energy sector, will supply Plastmann
Industrial Corp. 1.7 megawatts (MW) of electricity.
Plastmann is located in
Mandaluyong City.
Both signed on October
10 a retail power supply agreement (PSA), the power firm said on Wednesday.
The PSA is meant to
provide energy savings solutions and dependable power to Plastmann Industrial
and its customers.
Plastmann is a
Philippine-based manufacturer of a wide range of rigid plastic products
catering to both domestic and multinational customers.
The power that will be
supplied to Plastmann will partly be sourced from renewable energy.
AC Energy is one of the
fastest-growing energy companies with over $1 billion of invested and committed
equity in renewable and thermal energy in the Philippines and around the
region.
The company aspires to
develop 5 gigawatt of attributable capacity and generate at least 50 percent of
energy from renewables by 2025.
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