Vita Tropic Ice Company, Inc., an ice manufacturing company located in Malabon City, has recently switched to Advent Energy Inc., a retail business unit of AboitizPower, upon successful completion of the Green Energy Option Program (GEOP) switching process.
Vita Tropic is AboitizPower’s first GEOP customer and the partnership commenced on March 26, 2022.
GEOP, a salient point of the Renewable Energy Act of 2008, is a voluntary policy mechanism that provides electricity end-users with an average peak demand of at least 100 kW for the past 12 months, the option to switch to renewable energy sources and choose their own renewable energy supplier.
“As responsible citizens, we must ensure that in everything that we do, we do it with utmost regard to what effects it has on our environment, which is why we are very proud to be one of the first GEOP customers in the country today. We’re happy to be partners with AboitizPower, a leader in the Philippine power industry. Through concrete solutions that use the best practices, our partnership built on trust and shared values give us the power to create meaningful impacts to build a better world for a cleaner and more sustainable future,” said David Co, Vita Tropic Ice Company Inc., Business Development.
AboitizPower has already received GEOP permits from the Department of Energy (DOE) for its retail companies, namely Advent Energy Inc., Aboitiz Energy Solutions Inc. (AESI), and Prism Energy Inc. With the DOE-issued permit, these entities are authorized to enter into a supply contract with qualified GEOP customers.
“We at AboitizPower fully support GEOP as we believe it’s a key driver of renewable energy growth in the Philippines. This gives more customers the option and opportunity to join the movement towards a sustainable energy transition. We’ve been looking forward to the implementation of GEOP and now that it’s finally happening, we’re confident that we have the ability and expertise to serve the needs of the GEOP market,” said Juan Alejandro Aboitiz, AboitizPower Senior Vice President for Commercial Operations.
About AboitizPower
AboitizPower is the holding company for the Aboitiz Group’s investments in power generation, distribution, and retail electricity services. It advances business and communities by providing reliable and ample power supply at a reasonable and competitive price, and with the least adverse effects on the environment and host communities.
The company is one of the largest power producers in the Philippines with a balanced portfolio of assets located across the country. It is a major producer of Cleanergy, the company’s brand for clean and renewable energy with several hydroelectric, geothermal, and solar power generation facilities. AboitizPower, together with its partners, is the Philippines’ largest owner and operator of renewable energy based on installed capacity. It also has thermal power plants in its generation portfolio to support the country’s baseload and peak energy demands.
The company also owns distribution utilities that operate in high-growth areas in Luzon, Visayas, and Mindanao, including the country’s second and third largest private utilities.
In the next 10 years, the company will significantly expand its Cleanergy portfolio, in support of the government’s efforts to promote renewable energy in the country. AboitizPower will build an additional 3,700 MW of renewable energy, growing its existing Cleanergy capacity threefold by 2030.**
