SM Prime Holdings, Inc. (SM Prime), one of the leading property developers in Southeast Asia, secures a long-term deal with AboitizPower for Cleanergy supply, realizing its goal of increasing its renewable energy portfolio to more than 50%. This is in support of the Department of Energy’s program of moving up the renewable energy supply component of the country to 35% by year 2030.
Under the agreement, AboitizPower is poised to supply reliable and responsibly-sourced energy from Tiwi and MakBan Geothermal Power Plants, and PV Sinag’s Power Plants, operated and managed by AboitizPower subsidiary, Aboitiz Renewables, Inc. (ARI). This long-term contract will power SM Prime properties, including malls, leisure homes, offices, hotels, and other establishments under the Retail Competition and Open Access (RCOA) by the end of 2022.
(From left to right) SM Prime Energy Consultant Jaime Patinio, AboitizPower Senior Vice President for Commercial Operations Sandro Aboitiz, SM Engineering, Design and Development President Hans Sy, Jr., SM Prime President Jeffrey Lim, AboitizPower President and Chief Executive Officer Emmanuel Rubio, Aboitiz Renewables, Inc. Vice President for Commercial Strategy, Sales, and Engagement David Aboitiz, AboitizPower Vice President for Retail - Commercial Operations Business Unit James Byron Yu, and SM Prime Chief Finance Officer John Nai Peng Ong gather for a luncheon on Thursday, August 4, after sealing a long-term partnership with the commitment to helping build a cleaner and brighter future.
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