Citicore Energy entices customers to source power from subsidiary

By Lenie Lectura – May 18, 2017

from Business Mirror

CITICORE Energy Solutions Inc. (Cesi) said on Wednesday it is in talks to lure in potential customers to source power from the subsidiary of Citicore Power Inc. (CPI).

“Cesi is currently active in talking to potential customers after securing its retail electricity supplier [RES] license from the Energy Regulatory Commission [ERC] on January 30, 2017,” the company said.

An RES license allows a company to provide electricity directly to contestable customers under the retail competition and open access (RCOA) program.

Under RCOA, large users in Luzon and the Visayas with an average monthly peak demand of 1 megawatt (MW) have the option to seek their own power suppliers.

“Being a new face in the industry, Cesi is confident of being at par with its counterparts in the next few years, given its technical expertise, competitive tariff rates and broad range of customer-friendly services,” it added.

Cesi also aims to educate consumers on the RCOA scheme and the importance of switching to cleaner renewable-energy (RE) sources and reduce carbon footprint in the country. Earlier, Citicore Power partnered with Huawei Technologies Co. Ltd. for its overseas solar business development.

Under the memorandum of understanding signed by both firms, Huawei will provide project design support and inverter maintenance support for Citicore Power projects, including remote, hardware and solution support.

Citicore plans to develop and construct solar projects with a total capacity of 500 MW by 2020 in overseas markets, particularly in Japan, Malaysia, Indonesia, Thailand, Vietnam and Myanmar.

Citicore Power already operates three large-scale solar-power plants in the provinces of Bataan, Negros Occidental and Cebu. These three facilities already account for more than 100 MW going into the national grid.

The company targets 1,000 MW of capacity using the widest range of RE sources, such as solar, biomass, wind and hydropower.