NextGen Day

MANILA, Philippines – A Cebu-based steel company and property developer is on track to become carbon-neutral by 2025 after switching to renewable energy (RE) and partnering with First Gen Corp. as its power provider.

First Gen stated in a statement on Thursday that it is now delivering the Chioson Group of Companies’ whole power requirement of 2,100 kilowatts (kW) from geothermal power facilities operated by Energy Development Corp. (EDC), a subsidiary of First Gen.

This comes after Chioson Group renewed its contract with First Gen to provide 600 kW of sustainable energy to Puresteel Manufacturing Corp. in Mandaue, Cebu.

The energy is provided by the EDC geothermal plant in Leyte.

Steel goods such as c-purlins, corrugated sheets, square tubes, rigid steel conduit pipes, and rectangular tubes are manufactured and distributed by Puresteel.

Last year, First Gen and Chioson Group agreed to supply Chioson Development Corp. (CDC) with 1,500 kW of renewable energy from EDC’s geothermal plants in Leyte and Bicol.

“After learning about the Chioson Group’s carbon neutrality mission, we volunteered to cooperate with them,” said Carlo Vega, First Gen vice president. “By providing competitive power rates, we can assist the Chioson Group in achieving its environmental aim while also boosting its market competitiveness.”

First Gen’s renewable energy portfolio includes hydroelectric, wind, and solar, in addition to geothermal plants. It also has a natural gas facility that it owns and manages.

These power plants have a total installed capacity of 3,495 megawatts for the company.

Bernard Chioson, Puresteel’s chief executive officer and CDC’s chief operating officer, claimed the company only started using green energy last year.

“Our primary motivation for moving to RE is to develop and manufacture steel in a more environmentally friendly manner. “We aim to use green, renewable energy to lessen our carbon footprint,” Chioson added.

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