Philippines: AC Energy, FBDC ink power supply deal for BGC

Philippines: AC Energy, FBDC ink power supply deal for BGC

The developer of Bonifacio Global City (BGC) has signed a deal with
Ayala-owned AC Energy Holdings Inc. for the provision of renewable power
supply to its office and retail developments.

The agreement will power up eight of Fort Bonifacio Development Corp.'s
buildings, including properties such as BGC Corporate Center, Bonifacio High
Street, Central Square, Bonifacio Stopover, Park Triangle and Bonifacio
Technology Center.

The electricity supply will include certified emission reductions (CER)
certificates sourced from renewable energy plants to ensure electricity
purchased by FBDC is carbon neutral.

"This partnership with AC Energy is part of our commitment to maintain a
progressive yet environmentally sustainable community. This is just the
first eight buildings. We intend to do the same for our future developments
and hope to encourage other BGC locators to follow suit," BGC's head of
commercial operations Manny Blas said.

FBDC, a company controlled by Ayala Land Inc. and Evergreen Holdings of
Joselito Campos, has partnered with the Bases Conversion and Development
Authority (BCDA) to convert the former US military base into a world-class
business and residential center in Taguig.

Earlier, AC Energy said it is entering the retail energy business initially
targeting a 50-megawatt (MW) supply in the next three years in line with the
full implementation of retail competition and open access (RCOA).

It acquired a retail license from the Energy Regulatory Commission (ERC) in
2016.

As of March 2017, AC Energy has reached 50 MW of switched and committed
customers.

Under the RCOA regime, end-users that are part of the contestable market, or
contestable customers, are given the choice to choose their supplier of
electricity, aimed to foster competition in the generation and supply
sector.

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Link to Original Article:
https://mtnvnews.com/ac-energy-fbdc-ink-power-supply-deal-for-bgc/114416/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com