The agreement, signed on April 2, marks a significant milestone in the industrial gas sector’s shift toward sustainability.
Under the deal, First Gen—through its subsidiary Energy Development Corp. (EDC)—will supply 2.6 megawatts (MW) of green power from the Mindanao Geothermal Power Plant in North Cotabato. The electricity will support NSIG’s operations within the Phividec Industrial Estate, a key industrial hub in Mindanao.
“As part of the Nippon Sanso Holdings Group's global commitment to achieving carbon neutrality by 2050, we are continuously working to minimize our environmental impact,” said NSIG president Takenori Kawachino. “This milestone in Tagoloan highlights our resolve to embrace renewable energy and promote sustainable solutions across our global operations.”
The supply arrangement was made possible under the Retail Competition Open Access (RCOA) mechanism, a provision in the Electric Power Industry Reform Act (EPIRA) of 2001 that allows large power consumers to choose their electricity provider.
“Transitioning to direct RE supply under RCOA has its challenges, but the benefits far outweigh them,” said First Gen chief engagement officer Carlo Vega. “We’re proud to help NSIG reach its decarbonization goals through stable RE supply and energy efficiency solutions.” — Ed: Corrie S. Narisma
