|MANILA, Philippines, 28th June 2018 — Leading independent power producer Global Business Power is gearing to become a total provider of sustainable energy solutions to adapt to the industry landscape as well as heed the call to make the energy sector more responsive to the environment.
“We are realigning our strategy with the evolving energy market as well as the growing need to protect and conserve our environment for future generations,” said GBP President Jaime Azurin, emphasizing that at its core, GBP continues to be committed to power the nation’s growth.
At the company’s recent management convocation themed “Initiate, Ignite, Innovate,” Azurin challenged the company’s executives and managers to rethink strategies and innovate new approaches to issues at hand. Held annually, the GBP management convocation also serves as the company’s strategic planning session, providing an avenue for performance assessment as well as direction-setting.
Azurin highlighted that energy plays a key role is solving many development issues, as enshrined in the United Nations Development Programme’s (UNDP) Sustainable Development Goals or SDGs. The SDGs aim to ensure universal access to affordable, reliable, and modern energy services while also doubling the global rate of improvement in energy efficiency. “Generating power, however, creates pressures on the environment,” he added.
One of the ways where GBP can help address this problem, Azurin noted, is to work towards achieving a balanced energy mix in its portfolio. “We must optimize resources available to us whether they’re conventional or renewable,” he said, adding that the company is continuously studying various opportunities to go into the renewable energy market and complement its existing portfolio.
Azurin also highlighted the need to advance technical education to develop experts and leaders in the industry. Towards this end, GBP has launched the state-of-the-art Institute for Energy in its Iloilo plant site, which seeks to promote better understanding of clean coal technology, promote energy efficiency, and strengthen learning and development for the company’s employees.
GBP is one of the leading independent operators in the Visayas, operating 11 power generation facilities in Cebu, Iloilo, Aklan, and Mindoro. In 2017, the company acquired a 50% stake in Mindanao-based Alsons Thermal Energy Corporation.