By Lenie Lectura – December 10, 2018
from Business Mirror
CITICORE Energy Solutions Inc. (CESI), the retail electricity supply unit of Citicore Renewable Energy Corp. (CREC), will again provide Citystate Centre Condominium Corp. 2.6 megawatts (MW) of power.
This developed after both firms signed a renewal of their supply contract.
“We are pleased to be sourcing our power requirements once again from Citicore Energy Solutions Inc. This agreement reinforces our commitment to contract clean renewable energy for our consumption as it is a practical business solution that can help lower operating costs,” Citystate President Rodolfo Zapanta said.
CESI President Manolo Candelaria said the renewal of the contract is “proof of the company’s success in delivering not just clean and competitively priced power supply, but also excellent customer service.”
“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,” Candelaria said.
The contract was done under the Retail Competition and Open Access scheme which allows large electricity consumers in Luzon and the 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 the Ayala Group and the Mactan-Cebu International Airport.
CREC has more than 100 MW existing capacity from its eight solar-power plants in Bataan, Bulacan, Cebu, Negros Occidental, Pampanga and South Cotabato. It is also working on several biomass and hydropower projects in the pipeline.