LOPEZ-LED First Gen Corp. has partnered with the Araneta Group to produce renewable energy to pick out properties in Araneta City, a mixed-use hub of retail, entertainment, residential, hospitality, and office developments in Quezon City, through the retail aggregation program (RAP).
In an announcement on Thursday, First Gen said it could energize Recent Frontier Theater, Ali Mall, and the Manhattan Gardens residential complex through hydroelectric power sourced from its Pantabangan-Masiway and Casecnan Hydroelectric Power Complex in Nueva Ecija, which have a combined capability of 300 megawatts (MW).
Araneta Center, Inc. (ACI), which owns and manages the 35-hectare Araneta City, aggregated the facility demand of over 200 retail and repair tenants in Ali Mall and Recent Frontier Theater, in addition to around 9,000 apartments in 18 residential towers of Manhattan Gardens.
“Each of our properties has energy demands, and switching to retail aggregation and using renewable energy is a strategic move that can enable us to enhance energy efficiency and effectively manage electricity costs,” ACI Senior Vice-President for Operations Antonio Mardo said.
First Gen Chief Customer Engagement Officer Carlo L. Vega said the corporate supports Araneta City’s shift to renewable energy.
“We’re aligned in our common goal to make a decarbonized and regenerative future iconic and sit up for continuing to partner with Araneta City in its sustainability journey,” he said.
The initiative was made under the Retail Competition and Open Access (RCOA) and RAP frameworks, which permit qualified customers to decide on their very own electricity suppliers.
First Gen has about 1,300 MW of renewable energy capability from geothermal, solar, and wind sources, and operates 4 gas-fired power plants in Batangas with a complete capability of two,017 MW. — Sheldeen Joy Talavera