Visayas firms tap RE from Aboitiz unit - BusinessMirror

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 59%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

Advent Energy, Inc., the retail electricity supply arm of Aboitiz Power Corp., has been tapped to supply renewable energy (RE) to car builder NKC Manufacturing Philippines Corp. (NKC) and sugar producer Victorias Milling Co. Inc. (VMC). Know more:

Advent Energy, Inc., the retail electricity supply arm of Aboitiz Power Corp., has been tapped to supply renewable energy to car builder NKC Manufacturing Philippines Corp. and sugar producer Victorias Milling Co. Inc. .

GEOP empowers consumers with the option to source RE from a licensed supplier as opposed to consuming what is supplied by the distribution utility in their area. The program also promotes the use of RE to increase the share of clean energy in the country’s generation mix. NKC President Norihiko Matsuda said using reliable and responsibly-sourced energy is important in their business operations.

For VMC, the choice to shift to RE to run their bioethanol plant is a way to help the company achieve its sustainability goals. It hopes to positively impact the wider ecological system by using energy-saving technology, and minimizing energy consumption, carbon emissions, and pollution.

Source: Energy Industry News (energyindustrynews.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SEC OKs bond offerings of San Miguel, Aboitiz - BusinessMirrorTHE Securities and Exchange Commission has approved the bond offerings of San Miguel Corp. and Aboitiz Equity Ventures Inc. (AEV). In its en banc meeting last week, the SEC approved the registration statement of San Miguel for up to P60 billion of fixed-rate bonds and of AEV for P30 billion of bonds under shelf registration.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Digitalization will not reduce fraud in PhilHealth - BusinessWorld OnlineThe Inquirer’s editorial of Nov. 11 reported that an Aboitiz Group-led consortium had submitted a P1-billion unsolicited proposal to digitize the claims process of the corruption-plagued Philippine Health Insurance Corp. (PhilHealth). Aboitiz InfraCapital President Cosette Canilao said digitalizing PhilHealth’s claims process is a crucial step in addressing the problem of corruption and incompetence in the state health insurance company.
Source: bworldph - 🏆 9. / 68 Read more »

FAST FACTS: Europe Inc cuts jobs as economy sputtersHere are some of the European companies that have announced layoffs to rein in costs.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Villars’ Premiere REIT secures PSE nod on market debut - BusinessWorld OnlineTHE Philippine Stock Exchange, Inc. (PSE) has approved the initial public offering (IPO) application of Premiere Island Power REIT Corp. or Premiere REIT.
Source: bworldph - 🏆 9. / 68 Read more »

Solar PHL Power finally acquires land for building largest farm in the world - BusinessMirrorSOLAR Philippines Power Project Holdings Inc. has finally acquired the land it needed to put up the largest solar farm in the world. Its unit, Philippines unit SP New Energy Corp. (SPNEC), had just acquired over 2,000 hectares of landbank in Nueva Ecija and Bulacan. The land is big enough for its planned 3.5-gigawatts (GW)
Source: BusinessMirror - 🏆 19. / 59 Read more »

IPO of Premiere REIT secures PSE approval - BusinessMirrorThe Philippine Stock Exchange Inc. (PSE) has approved the initial public offering (IPO) application of Premiere Island Power REIT Corp. (Premiere REIT), the second real estate investment trust (REIT) of the Villar Group. Premiere REIT will offer up to 1.4 billion firm shares and up to 210 million overallotment option shares at a price of
Source: BusinessMirror - 🏆 19. / 59 Read more »