Meat firms get power supply from Aboitiz

The country’s major meat processors have signed a power supply deal with the retail electricity supplier (RES) units of Aboitiz Power Corporation for an aggregate 12-megawatt capacity.

The off-taker companies affiliated with the Philippine Association of Meat Processors, Inc. (PAMPI) include Foodsphere, Inc. (CDO), Virginia Food, Inc., LIIP Food Processors, Inc. (Century Pacific) and GenOSI for McDonalds.

The power supply agreements had been inked with Advent Energy and Aboitiz Energy Solutions, both RES units of the Aboitiz group for the retail competition and open access (RCOA) regime of the industry. According to Foodsphere President Jerome D. Ong, their choice of cornering power supply from Aboitiz Power had been anchored on the power company’s broad base of experience in the industry.

He said the power firm had given them “cost effective energy rates that would result (in) optimum savings for our company.”

Ong cited the experience and reputation of the Aboitiz Group being part of their “deciding factor” on the capacity purchase, in addition to having “very responsive and technically competent team that always provides after-sales support.”

Virginia Food President Felix Tukinhoy emphasized that the rates they have in the contract will let them effectively manage their costs.

Luis Miguel O. Aboitiz, executive vice president and chief operating officer of Aboitiz Power, said their company would be “looking forward to a stronger partnership with its new customers and PAMPI as an organization.”

PAMPI has roughly 50 member-companies raking in revenues rounding up to R300 billion annually; and had broad job generation of more than 300,000 for Filipino workers. (MMV)