|24 August 2017- Global Business Power Corporation (GBP) through its official retail energy arm, Global Energy Supply Corporation (GESC), has recently signed a power supply agreement with Robinsons Land Corporation (RLC) under the Energy Regulatory Commission’s retail competition and open access (RCOA) scheme.
Under the agreement, GBP will supply 22 MW of power to various RLC developments in the Visayas. The contract covers Robinsons malls located in Bacolod, Dumaguete, Tacloban, Roxas, Iloilo, and Cebu.
“This partnership underscores both GBP and RLC’s commitment to support the country’s consumption-driven economy, as we both look to harness various opportunities for growth in servicing these fast-growing cities,” said GBP President Jaime T. Azurin.
Recent economic data from the National Economic Development Authority shows that the country’s growth domestic product (GDP) grew 6.5% on the back of strong household and government spending. Household consumption, which accounted for two-thirds of total expenditures, grew 5.9%.
Data from the Bangko Sentral ng Pilipinas (BSP) also shows that consumer optimism has posted a record-high growth of 13.1 percent for the second quarter of 2017, suggesting increased confidence among households that can eventually translate to sustained consumption of goods and services.
“Robinsons Land is one of the country’s leading real estate developers, and we thank them for trusting GBP to supply their power requirements,” added Azurin. “This is yet another testament to our capability in providing our customers with reliable energy at competitive rates,” he added.
“As we continue to serve our customers throughout the country, we look forward to working with GBP to help meet our energy requirements,” said RLC President Frederick D. Go.
RCOA is a provision under the Electric Power Industry Reform Act (EPIRA) that allows “contestable customers”, or those whose peak demand fall within a set contestability, to freely choose their electricity supplier.
GBP is one of the leading independent power producers in the Visayas and Mindoro, with facilities located in Cebu, Iloilo, Aklan, and Mindoro. It is currently developing a 2X335 MW supercritical coal-fired power facility in La Union, and has recently acquired a 50% interest in Mindanao-based Alsons Thermal Energy Corporation, which serves as the holding company for all baseload coal-fired power plant assets of Alsons Consolidated Resources, Inc. (ACR). #