THE Energy Development Corp. (EDC) has signed a two-year agreement to supply Citizen Machinery Philippines, Inc. with geothermal energy for the latter’s facilities in Tanauan City, Batangas province.
Under the deal, which shall commence on December 26, EDC shall provide Citizen Machinery Philippines with 2.5 megawatts (MW) of electricity from the company’s BacMan geothermal project.
EDC, through its unit Bac-Man Geothermal, Inc. (BGI), owns and operates 150-MW geothermal power plant in Bacon, Sorsogon City and Manito, Albay province.
“As a manufacturing company, Citizen Machinery Philippines desires to be supplied by stable and low-cost electricity, especially since our foundry consumes much power,” Citizen Machinery Philippines President Akihide Kanaya said in a statement.
“EDC’s BacMan geothermal project meets these criteria. At the same time, we remain committed to give our customers the highest level of satisfaction as possible,” he added.
“This includes making sustainable contributions to society through innovative manufacturing solutions, while recognizing our impact to the environment. Choosing to be powered by 100-percent renewable energy strongly supports this commitment.”
The agreement comes a month after EDC signed a deal with Continental Temic Electronics Philippines to supply 2.7 MW of geothermal power, also sourced from the BacMan project.
Formerly Miyano Philippines, Inc., Citizen Machinery Philippines manufactures and assembles automatic lathe machines, which produces other machines for use in different industries. It is a subsidiary of Citizen Holding Co. Ltd.
EDC is into exploring, developing, operating, and using geothermal energy and other indigenous renewable energy sources to generate electricity. It has an installed capacity of 1,471.8 MW.
