Citicore Renewable Energy Co. (CREC) through its retail supply arm Citicore Energy Solutions, Inc. (CESI) secured a one- megawatt (MW) power supply contract with water management solutions provider, JE Hydro and Bio Energy Corp. (JEHBEC) for its operations in Cebu City.
CESI said the deal was signed under the Green Energy Option Program, which allows end users to source their electricity requirements from preferred renewable energy sources.
JEHBEC, which is a bulk water provider of Metropolitan Cebu Water District, opted to tap renewable energy suppliers, such as CREC’s solar plant in Toledo City, Cebu, to supply their power needs.
“From the design stage of our facilities, we already integrate resource conservation and environmental stewardship in developing studies and solutions for sustainable water systems. We further ensure our sustainability efforts by incorporating RE in our operations,” said Joffrey Hapitan, JEHBECchairman, in a statement.
However, the parties did not disclose the amount and exact length of the contract.
Oliver Tan, CRECpresident and chief executive officer, said the partnership “will help empower more communities and address the gaps in the water and energy supply situation across the country.”
JEHBEC also provides advanced end-to-end water solutions and designs, develops, operates and maintains bulk water treatment facilities using digital innovative systems in Iloilo, Bukidnon, Leyte, Bohol and Cagayan de Oro City among others.
CREC operates and maintains eight solar-energy producing assets across the country, generating a combined power of 163 MW.
