In a notable stride toward sustainability, two prominent players in the Philippine cement industry, APO Cement Corporation (APO) and Cemex Holdings Philippines, Inc. (CHP), have forged significant partnerships in the realm of renewable energy.
APO Cement Corporation and FILINVEST-ENGIE Renewable Energy Enterprise, Inc. (FREE), have solidified a groundbreaking 25-year Solar Power Purchase Agreement. FREE, at its own cost, will orchestrate the development of a 10.08MW solar photovoltaic facility in Naga City, Cebu, exclusively catering to the power requirements of APO’s plant.
The agreement encompasses the entire project lifecycle, from design and financing to construction, operation, and maintenance. Conditional on operational and environmental factors, the solar facility is anticipated to provide up to 8% of APO’s plant electricity needs if fully operational.
Simultaneously, Cemex Holdings Philippines, Inc. (CHP), has entered into a Memorandum of Understanding with ENGIE Services (Philippines) to explore prospective renewable projects and energy efficiency solutions. Although specific projects have not yet been identified, the memorandum sets the stage for collaborative efforts to enhance the sustainability of CHP’s project sites in the Philippines and its affiliates.
It’s essential to note that the memorandum does not impose legally binding obligations, and the realization of specific projects is subject to the signing of definitive agreements and regulatory approvals. This strategic collaboration underscores CHP’s commitment to incorporating renewable energy and energy-efficient solutions into its operational landscape, contributing to the industry’s broader sustainability goals.