Business

Aboitiz Power signs contract with ZAMSURECO-I

By Gideon C. Corgue


PAGADIAN CITY, July 20 (PIA) - Aboitiz Power Corp. has secured a bilateral contract with Zamboanga del I Sur Electric Cooperative, Inc. (ZAMSURECO-I), an electric distribution utility of the province for part of the output of the 68.8-megawatt (MW) Manolo Fortich run-of-river hydropower plant project in Bukidnon.

The contract covers 3 MW of energy supply from the power station being constructed and developed by AboitizPower subsidiary, Hedcor.
The signing ceremony was held on Tuesday, July 19 at ZAMSURECO-I Function Hall.


ZAMSURECO-I represented by its board president, Perla Sudiang, with general manager and chief executive officer, Jose Raul Saniel and Hedcor Inc., represented by Rene B. Ronquillo, president and chief operating officer signed the MOA to establish business alliance, enhance cooperation and strong partnership.


GM Jose Raul Saniel in his message delivered by institutional services department manager Azucena Lagura said he expressed his sincere gratitude to Hedcor Bukidnon for the dedicated efforts in the realization of the alliance.


“The MOA signing commits us to work together toward a common end goal, and that is - the pursuit of giving light to the lives of our customers,” Saniel underscored.
He said “ZAMSURECO-I is confident that through the efforts and commitment of both parties, we will be able to achieve more and continue to forge a strong relationship.”


Meanwhile, Rene B. Ronquillo said by virtue of the agreement, Hedcor will provide a 3-megawatt capacity of clean and renewable energy in the province.


“We are one with ZAMSURECO’s vision to provide reliable, efficient and reasonably priced power in Zamboanga del Sur,” he announced.
Ronquillo said Hedcor is also looking for short and long term solutions on how it can address the lack of power supply in the city and meet its power demand.


“We remain committed to provide reliable and ample power supply when needed and ensure that such is provided at a reasonable and competitive price,” Ronquillo declared.


Board of Director Dennis Jay C. Colegado is grateful that ZAMSURECO-I contracted power to Hedcor saying that the 3-MW will augment the eight (8) MW from the Power Sector Assets and Liabilities Management (PSALM) to better serve its clients.


Aboitiz Power is the holding company for the Aboitiz Group’s investments in power generation, distribution, and retail electricity services. (ALT/GCC/PIA9/Zamboanga del Sur)

 

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