Hocheng Philippines Corp. (HCG) has renewed its contract with a subsidiary of First Gen Corp. for the supply of renewable energy (RE) until 2024.
Under the power supply deal signed by the total bathroom solutions provider, Energy Development Corp. (EDC) will supply 850-kilowatt (kW) to HCG until October 25, 2024.
“This continuous commitment to the use of green energy in its operations, with its 850kW power demand, is consistent with HCG’s decarbonization goals,” EDC said in a statement on Monday.
“Aside from the use of renewable energy, we have several initiatives that contribute to the company’s green and decarbonization objectives.
For instance, we have innovations that offer water-saving products to green buildings, from 6 liters to 4 liters per flush product. This doesn’t only help the environment on water wastages but also results in additional savings for our customers,” said Eugene Lin, Senior Vice President and Officer-in-Charge of Hocheng Philippines Corp.
HCG, he added, is confident that the Lopez-owned firm can help meet its goals by providing efficient electricity through their low-carbon footprint resources. “Furthermore, we are exploring solar rooftop projects to complement our geothermal source of power.”
EDC will source power from its geothermal power plant to supply HCG, which provides quality LEED-compliant bathroom fixtures.
“We would like to thank HCG for the continued partnership with First Gen. We believe that choosing the right energy partner allows them to move toward a future that goes beyond sustainability for them and its customers’ precious bathroom,” said Carlo Vega, Vice President and head of First Gen’s Power Marketing, Trading, and Economics.
EDC is First Gen’s 100 percent RE subsidiary that has over 1,480-MW total installed capacity and accounts for 20 percent of the country’s total installed RE capacity. Its 1,185.40-MW geothermal portfolio accounts for 62 percent of the country’s total installed geothermal capacity, making the Philippines the third largest geothermal producer in the world.
