By Lenie Lectura – September 27, 2018
from Business Mirror
GLOBAL Energy Supply Corp. (GESC), the retail energy arm of Global Business Power Corp. (GBP), will continue to supply power to Robinsons Land Corp. (RLC) under an amended power-supply agreement (PSA).
Both agreed to renew their PSA, with GESC supplying RLC 26 megawatts from the previous 22 MW. The contract covers Robinsons malls and Universal Robina Corp. factories located in Bacolod, Tacloban, Roxas, Iloilo and Cebu.
“This partnership harnesses various synergies and builds on our respective strengths to accelerate growth not just in the Visayas, but ultimately, the entire country,” GBP President Jaime T. Azurin said.
“We look forward to working with GBP to help meet our energy requirements,” RLC President and CEO Frederick D. Go said.
Azurin highlighted that the renewal of the PSA comes at a time when GBP has realigned its vision to become a total sustainable energy solutions provider and offer more flexibility to its customers.
Recent economic data from the National Economic and Development Authority showed that the country’s growth domestic product grew 6.7 percent in 2017 on the back of brisk economic activities particularly related to manufacturing, construction and retail trade.
The Visayas region mirrored the country’s robust growth, with Central and Western Visayas, where GBP and RLC have key operations, recording 5.1- percent and 8.4-percent growth in regional domestic product in the same year. Western Visayas is now the fourth fastest-growing region in the country.
“We thank Robinsons Land for their continued trust in GBP to supply their power requirements,” Azurin said. “This highlights our capability in providing our customers with reliable energy at competitive rates.”
GBP operates 11 power-generation facilities in Cebu, Iloilo, Aklan and Mindoro. In 2017 the company acquired a 50-percent stake in Mindanao-based Alsons Thermal Energy Corp.