Aboitiz keen on supplying power to economic zones
The Philippine Star
05/24/2006
The Aboitiz Group has expressed interest in bidding for the power requirements of the economic zones under the Philippine Economic Zone Authority (PEZA), a ranking company official said.
"We’re very keen on doing that. We are hoping that PEZA Director General Lilia de Lima will look at bidding out some of the power requirements of the PEZA-zones," said Aboitiz Equity Ventures (AEV) chief operating officer Erramon Aboitiz.
He said they have met with De Lima and presented the milestones achieved by AEV’s subsidiary Subic EnerZone Corp. (SEZ) at the Subic economic zone.
SEZ is a consortium composed of AEV, Davao Light & Power Co. (DLPC), San Fernando Electric Light & Power Co. (SFELAPCO) – two of AEV’s subsidiaries – and Mirant Phils. Corp.
SEZ was contracted to provide power distribution services to the Subic Bay Metropolitan Authority (SBMA) from 2003 up to 2028. The company pays SBMA P40 million annually for the lease of power facilities and other properties. To date, SEZ has paid a total of P120 million.
According to Aboitiz, they assured the PEZA chief of AEV’s efficiencies in lowering the cost of power and further bringing down their systems loss.
SEZ’s systems loss was brought down to about 6.86 percent to date from 15 percent when it took over SBMA’s power distribution utility in October 2003. With the systems loss reduction, SEZ customers achieved a 14.5 centavos per kilowatthour savings on their electricity consumption.
"We were able to cut power costs by 50 centavos per kwh. We have improved electricity service at SBMA," he said.
In 2003, SEZ committed to invest P350 million over five years to improve Subic’s power distribution system. It has so far invested P200 million with plans of investing another P50 million early this year.
Meanwhile, Aboitiz lauded the Energy Regulatory Commission’s initiative to provide incentives to distribution utilities that are able to lower their systems loss.
"We welcome that very much. At the end of the day, power projects require investments. It is always good to give incentives to people," Aboitiz said.
05/24/2006
The Aboitiz Group has expressed interest in bidding for the power requirements of the economic zones under the Philippine Economic Zone Authority (PEZA), a ranking company official said.
"We’re very keen on doing that. We are hoping that PEZA Director General Lilia de Lima will look at bidding out some of the power requirements of the PEZA-zones," said Aboitiz Equity Ventures (AEV) chief operating officer Erramon Aboitiz.
He said they have met with De Lima and presented the milestones achieved by AEV’s subsidiary Subic EnerZone Corp. (SEZ) at the Subic economic zone.
SEZ is a consortium composed of AEV, Davao Light & Power Co. (DLPC), San Fernando Electric Light & Power Co. (SFELAPCO) – two of AEV’s subsidiaries – and Mirant Phils. Corp.
SEZ was contracted to provide power distribution services to the Subic Bay Metropolitan Authority (SBMA) from 2003 up to 2028. The company pays SBMA P40 million annually for the lease of power facilities and other properties. To date, SEZ has paid a total of P120 million.
According to Aboitiz, they assured the PEZA chief of AEV’s efficiencies in lowering the cost of power and further bringing down their systems loss.
SEZ’s systems loss was brought down to about 6.86 percent to date from 15 percent when it took over SBMA’s power distribution utility in October 2003. With the systems loss reduction, SEZ customers achieved a 14.5 centavos per kilowatthour savings on their electricity consumption.
"We were able to cut power costs by 50 centavos per kwh. We have improved electricity service at SBMA," he said.
In 2003, SEZ committed to invest P350 million over five years to improve Subic’s power distribution system. It has so far invested P200 million with plans of investing another P50 million early this year.
Meanwhile, Aboitiz lauded the Energy Regulatory Commission’s initiative to provide incentives to distribution utilities that are able to lower their systems loss.
"We welcome that very much. At the end of the day, power projects require investments. It is always good to give incentives to people," Aboitiz said.
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