The renewed agreement, signed on Oct. 9, 2024, extends an eight-year collaboration between GMC and First Gen, through subsidiary Green Core Geothermal Inc. (GCGI), which began under the Retail Competition and Open Access (RCOA) policy, First Gen said in a statement.
This policy allows businesses with significant electricity needs to choose their energy providers.
GMC’s Lapu-Lapu complex will continue receiving electricity from First Gen’s geothermal power plant in Negros Oriental, operated by subsidiary Green Core Geothermal Inc.
“We are betting big on renewable energy because it’s the future of sustainable manufacturing,” said GMC president Anna Gurango-Vicencio. “This partnership with First Gen ensures that we are not only meeting today’s energy needs but doing so in a way that aligns with our long-term environmental goals.”
“By integrating more clean energy into our operations, we are future-proofing our business while making a positive impact on the environment,” she said.
With operations spanning flour and feed milling, livestock breeding, and hatchery production, GMC’s Lapu-Lapu manufacturing complex is a critical part of its operations. The plant also includes a wharf that supports the efficient movement of large cargo ships.
First Gen vice president Carlo Vega emphasized the importance of such collaborations in achieving decarbonization, saying, “It is through continuous collaboration that we can find a balance between maintaining sustainable business growth and mitigating environmental impact.”
GMC also operates in Cagayan de Oro, General Santos, and Calamba, with headquarters in Makati City and Bonifacio Global City, Taguig.
