THE Lopez group’s power generation arm First Gen Corp. will be supplying clean energy to the 25-hectare Manila Polo Club for the next two years.
In an e-mailed statement on Thursday, First Gen said its unit Green Core Geothermal Inc. (GCGI) will be providing to the leisure and sports facility some 550 kilowatts of electricity sourced from its 112-megawatt (MW) Tongonan geothermal plant in Leyte.
“Our partnership with Manila Polo Club shows that using clean and renewable energy does not require our customers to spend more for their power bills. Renewable energy is not only clean; it is competitively priced,” First Gen Vice-President Carlos Lorenzo L. Vega said.
GCGI, an indirect subsidiary of First Gen, is a licensed retail electricity supplier that owns a geothermal plant in Leyte and a 192-MW geothermal facility in Negros Island.
Manila Polo Club General Manager Noel Barrameda said that the partnership with the Lopez-led power firm reassures club members that their activities will leave behind a light carbon footprint, without spending extra for power.
“We were pleasantly surprised to find out that using clean and renewable energy likewise allows us to save on our power bills, because First Gen offered us cheaper rates for electricity from its geothermal plant,” he was quoted as saying in the statement.
Mr. Barrameda said the Makati-based club is committed to adopt environment-friendly practices to mitigate the effects of climate change.
He added that procuring clean power from First Gen supports the government’s Energy Efficiency and Conservation Act of 2019.
First Gen holds a portfolio of plants that generate power from geothermal, hydro, wind, and solar sources, and natural gas. Last year, the installed capacity of these plants reached 3,495 MW.
On Thursday, First Gen shares improved by 5% or P1.4 to close at P29.35 apiece at the local bourse.