Citicore renews power supply deal with property firm

CITICORE Renewable Energy Corp. said its retail electricity supply subsidiary renewed its power supply contract with Citystate Centre Condominium Corp. for 2.6 megawatts (MW).

“We are grateful for the trust and support that Citystate had given us. We strive to continue improving our services and to further strengthen our partnership moving forward. We are looking forward to a long term and fruitful partnership with Citystate,” Citicore Energy Solutions, Inc. (CESI) President Manolo T. Candelaria said in a statement over the weekend.

CESI, the Citicore Renewable unit engaged in the retail electricity supply business to contestable customers, signed up Citystate under the Retail Competition and Open Access (RCOA) scheme. RCOA allows large electricity consumers in Luzon and Visayas with an average monthly peak demand of at least 1 MW to have the option to seek their own power suppliers.

CESI also supplies power to companies under the Ayala group and the Mactan-Cebu International Airport. Its parent Citicore Renewable has more than 100 MW existing capacity from its eight solar power plants in Bataan, Bulacan, Cebu, Negros Occidental, Pampanga and South Cotabato.

Apart from solar energy, Citicore Renewable is also working on several biomass and hydro power projects in the pipeline.

Mr. Candelaria, who is also the executive vice-president of Citicore Renewable, said it is the group’s promise to its customers to provide “unmatched quality of service through our 3Cs” services — complete, customized and competitively priced.

Citicore Renewable is a purely renewable energy company committed to reduce greenhouse gas emissions through solar, wind, hydro and biomass projects in the Philippines and Asia. It is a wholly owned subsidiary of Filipino-owned holding firm Citicore Power, Inc.

It currently has a 163-MW capacity from its eight existing solar farms in Bataan, Bulacan, Cebu, Negros Occidental, Pampanga and South Cotabato. —