Wednesday, July 3, 2019

Philippines: Leisure Resort Signs On for More Geothermal Power

Widus International expands deal with AboitizPower (BusinessWorld Online)

Aboitiz Power Co. said on Wednesday that it had signed up Widus International Leisure, Inc. to switch to its Cleanergy brand.

In a disclosure to the stock exchange, the company said the owner and operator of the hotel and casino tapped AboitizPower for a 2.5-megawatt (MW) energy requirement, which is an expansion of its previous 1.5-MW supply deal.

The energy supply for the premier leisure destination at Clark Freeport Zone in Pampanga is being sourced from one of Aboitiz Power Co.’s renewable plants, the MakBan geothermal power plant that straddles the provinces of Batangas and Laguna.

AboitizPower said Widus signed a power supply agreement under the retail competition and open access (RCOA) scheme, which allows businesses and institutions with a monthly average peak demand of 750 kilowatts to source their energy supply from a retail electricity supplier.

“In the retail electricity market, customers are given the opportunity to choose the supplier and rate that will allow for savings and security from market volatility,” it said.