AboitizPower to expand its “Cleanergy” portfolio, looks forward to 2021

MINERVA BC NEWMAN

CEBU CITY – The AboitizPower group looks forward to 2021 to expand its “Cleanergy” portfolio with its 59-megawatt-peak solar power facility in San Carlos City, Negros Occidental which is among the organization’s assets that invests on clean energy program.

AboitizPower President and Chief Executive Officer Emmanuel Rubio said that this solar farm helps prevent the emission of more than 44,000 tons of carbon dioxide over 20 years, which is equivalent to taking around 10,000 cars off the road.

“Our targets in the next decade remain the same.  We will continue to pursue a major shift in our energy mix by 2030, but while we remain focused on addressing the country’s energy trilemma of energy security, energy equity, and environmental sustainability, we will be shifting the balance from ensuring low-cost energy to providing energy from more sustainable sources,” Rubio added. 

According to him that in the next 10 years, the company is still set on significantly expanding its portfolio of renewable energy power plants and by 2030 its capacity mix will have been transformed into an almost 50:50 Thermal to Cleanergy ratio.

With its balanced mix strategy, Rubio added that AboitizPower is able to provide the country with a reliable and cost-efficient power supply, creating a greener and safer environment for the country and the rest of the world.

Rubio went on that AboitizPower had high hopes for 2020 as it anticipated the realization of its growth strategy over the next decade, but the pandemic brought about an unprecedented impact on the power company.

“It forced it to transition from significantly growing the business to keeping it afloat, and from expanding the organization to making necessary adjustments in its workforce.  Despite all these, we remain committed to advancing business and communities by continuing to provide reliable, reasonably priced, and responsibly produced power solutions even in the new normal,” Rubio said.

The year 2020 may not have been what we expected, but it was the year that revealed how resilient AboitizPower was through the group’s successes despite the challenges it faced in the last nine months, Rubio stated.

He revealed that the AboitizPower Group and the Department of Energy (DOE) successfully turned over around P650 million in direct remittances under the Energy Regulations No. (ER) 1-94 program to various host communities across the country as of Dec. 28, 2020.

The ER 1-94 program is a policy under the DOE stipulating that communities hosting power generation plants get a share of one centavo per kilowatt-hour generated by facilities operating in their area.

With this circular host LGUs can use these shares to help manage the effects of the new virus, in accordance with the Bayanihan to Heal as One Act that included the facilitation of mass testing by providing and constructing facilities and acquiring proper medical testing kits as well, he added.

 

Rubio further itemized the other highlights of 2020 for AboitizPower.   The company renewed its pact with First Bay Power Corp. (FBPC) on the supply of Cleanergy, the company’s brand for renewable energy that will help power the livelihood and development of the municipality of Bauan, Batangas.

This renewed partnership between the two companies signals the start of the delivery of 10 MW of clean power to First Bay from AP Renewables, Inc.’s (APRI) MakBan geothermal facility.  

“This further aligns with the thrust of the Aboitiz Group to grow its Cleanergy portfolio and position itself as a major player in the renewable energy space,” Rubio said.

He added that despite the challenges this year has brought to the business sector, AboitizPower remained steadfast in its drive for operational excellence in 2020 as it bagged several awards and recognitions throughout the year.

AboitizPower won a Silver Stevie Award for its Integrated Response and Awareness towards COVID-19 Hazards (I-REACH) program under the Most Valuable Corporate Response category in the 2020 International Business Awards, underscoring the company’s proactive approach in dealing with the pandemic.

The group was also recognized for the third year in a row as a constituent company in the FTSE4Good Index Series. This measures the performance of companies demonstrating strong Environmental, Social, and Governance (ESG) practices and is used by a variety of market participants to create and assess responsible investment funds and other products, Rubio bared.

The holding company Aboitiz Power Corporation also received ISO re-certification from the standards body International Organization for Standardization, he said that this further demonstrates the organization’s commitment to operational excellence even amidst the global health crisis. (Photos: AboitizPower/Victor Anthony Silva)