Myrna M. Velasco | Manila Bulletin
Cebu-based steel manufacturing firm Chioson Development Corporation (CDC) has shifted power use into renewable energy (RE), and it signed up with Energy Development Corporation (EDC) to become its electricity service provider.
According to EDC, which is a subsidiary of Lopez-led energy firm First Gen Corporation, the steel company was prompted on that move as it targets to bring down its carbon emissions – and that is in keeping with the world’s overarching goal to keep the Earth’s warming limit to 1.5 degrees C.
“In the Philippines, where the devastating impacts of climate change have become our new normal, it is heartening to know that businesses are taking steps to help our planet heal,” EDC noted.
Bernard B. Chioson, chief operating officer of CDC, asserted that their company is “delighted to move into the renewable energy space with First Gen and EDC.”
The contract inked by the parties will be for 750 kilowatts to be supplied by EDC from its Bacon-Manito and Leyte geothermal plants within the stretch from March 26, 2021 to March 25, 2025.
Chioson added by taking that transformative step in their patronage of energy providers, “we want to have a sustainable and reliable renewable energy supplier to push our advocacy for producing rebar, nails, and pipes in a clean and sustainable way.”
He emphasized that by underwriting its supply agreement with RE-based power generator, CDC finally reached a phase in which it is “moving words into action,” and with that, it has chosen geothermal energy as the source of its electricity supply.
“With this investment towards clean energy, we can leave a lasting impact for future generations,” Chioson stressed.
EDC specified that three of the facilities of the steel firm are already sourcing geothermal energy from their power generating plants, as underpinned by the Retail Competition and Open Access (RCOA) policy of the deregulated power sector.
The Lopez firm qualified that geothermal is considered “the holy grail among RE technologies,” and that’s because this energy resource “provides uninterrupted baseload power rain or shine,” or what EDC refers to as “Geo 24/7.”
EDC conveyed that by procuring its power from a geothermal source, CDC was able “to avoid 1.86 million tonnes of carbon dioxide in lieu of coal each year.”
And for CDC embracing that kind of transformative mindset on its energy usage, the power firm stated that such “enables construction companies to take a stand for the environment and indirectly lower their carbon footprint by getting materials from green companies like EDC.”
As a forward policy of the government, end-users within the prescribed threshold of 100 kilowatts (kW) may also opt to eventually source their power supply via the Green Energy Option Program (GEOP) that is being instituted by the Department of Energy (DOE), so installations of RE capacities in the country could accelerate within the capacity targets cast through 2030 to 2050.
“Shifting to RE through licensed GEOP providers like First Gen and EDC’s facilities is crucial to helping our country decarbonize and be a part of the solution to climate change,” the power firm said.
The Energy Development Corporation (EDC) is a pioneer in generating 100% clean, renewable, and reliable power as an electricity supplier in the Philippines for over 40 years. With power plants all over Visayas and Mindanao, the company is one of the biggest producers of geothermal energy in Asia and is expanding its reach in the international market, allowing it to offer customers affordable energy rates. EDC also strives to provide the best customer service it can to all its clients by having helpful salespeople and easy to understand contracts. Because of all of this, it is poised to become the premier supplier of electricity for the Philippines’ Green Energy Option Program. EDC takes its mission as a renewable energy provider seriously and goes beyond sustainability by investing in programs that enhance the environment and empower its partner communities, thereby fostering regenerative development. The company has also been working toward being carbon-neutral by improving its energy efficiency, as well as implementing various greening projects to ensure that its mission to provide future generations with a better life remains intact.