First Gen Corp. landed another contract to supply clean energy to Philippine Bio-Industries, Inc. (PBI) for a year.
PBI, through parent company W Hydrocolloids Inc., finalized the deal with First Gen’s authorized retail electricity supplier Bac-Man Geothermal Inc. (BGI) late last month, which involves the supply of 650 kilowatts of renewable energy.
According to the Lopez-led company, Bacon-Manito’s 150 megawatt (MW) geothermal power plants in the Bicol region will meet the power supply needs of PBI’s carrageenan production facilities in Calamba, Laguna.
BGI owns and operates the integrated geothermal facility.
“W Hydrocolloids has ventured into a partnership with First Gen in our conscious effort to reduce our carbon footprint and minimize the impact of carbon pollution on our environment,” said WHI President John Wee.
“With this partnership, we are now using 100% renewable energy at our PBI plant in Laguna and are also in the process of running it for our Carmona plant in Cavite. This partnership aims to deliver on our commitment to a sustainable future, from support ecological algae communities for our raw materials to use 100% eco-clean energy on our facilities, ”he added.
Vega, for his part, expressed his gratitude to the WHI Group for accepting First Gen’s offer to switch to renewable energy.
“This partnership validates our optimism that there are thousands of other companies who, like WHI, share with us a common desire to pursue a carbon-free and regenerative future,” he said.
First Gen, an entity of First Philippine Holdings Corp., has an installed capacity of 3,495 MW in its portfolio at the end of 2020.
The Lopez-led company owns a portfolio of power plants that run on renewable energy sources such as hydropower, wind, solar and geothermal energy. It also owns and operates power plants that run on natural gas, considered the cleanest form of fossil fuel.