TEAM (Philippines) Energy Corporation (TPEC), a subsidiary of TeaM Energy Corporation, recently closed a retail power supply agreement with manufacturing firm Cebu Mitsumi Inc. (CMI).
The power supply agreement will help power CMI’s manufacturing plants in Cebu, enabling it to utilize 100 percent renewable energy in both of its facilities in the province. CMI manufactures mechanical and electronic devices and components such as micro actuators, cameras, connectors, and semiconductors.
Under the agreement, TPEC will provide an equivalent International Renewable Energy Certificate from a renewable energy plant to match every megawatt-hour consumption of CMI for the duration of the whole supply period.
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