Ebu-based Apo Cement Corp. on Tuesday signed an agreement to supply up 10MW of power to distribution utility Visayan Electric Co. (Veco) as the central Philippines’ grid plunges deeper into incessant rotation brownouts.
The agreement was signed by representatives of Apo’s mother company in the country, Cemex Philippines Corp., led by its president Sergio Menendez and vice president for planning Paul Vincent Arcenas.
Veco, the country’s second-biggest distribution utility, was represented by president Dennis Garcia and vice president for utility economics Arlo Sarmiento.
Menendez said the Mexico-based cement maker has never been into energy generation but it is offering the excess capacity of its diesel-generation units in Naga town, south of Cebu City, to help the island cope with the thinning power reserves.
“We are happy to offer our excess power that we generate to be able to address the needs of Cebu,” Menendez said. “We hope this will ensure the continued growth of Cebu.”