First Gen, GMC renew power supply deal

Jan 03, 2019

First Gen Corp. has renewed a contract with food firm General Milling Corp. (GMC) related to the supply of electricity sourced from renewable energy.

First Gen said that under the new contract, the Lopez-led firm would provide GMC’s factory in Lapu-Lapu City with electricity coming from Energy Development Corp. (EDC), First Gen’s renewable energy arm.

EDC has an installed power generating capacity of 1,471.8 megawatts, from geothermal, wind, hydro and solar energy platforms.

The factory in Lapu-Lapu is the largest in the portfolio of GMC, which has been manufacturing flour and bakery products for more than 50 years.

GMC has since expanded to the manufacture of animal feeds, corn mill, snack food, pasta, instant noodles, edible oil and coffee.

“We chose to renew with First Gen and EDC because aside from the pure renewable energy that they provide, we are very satisfied with their service. It is just like a renewal of vows for us,” GMC executive vice president Joselito Parco said in a statement.

Last December, EDC signed a two-year contract with its latest customer being Citizen Machinery Philippines Inc. (CMP), maker of lathe machines with facilities in Tanauan, Batangas.

CMP is a subsidiary of Japanese timepiece maker Citizen Watch. The contract involves the supply of 2.5 MW of geothermal power.

CMP’s parent firm, Citizen Machinery Co. Ltd., is based in Nagano, Japan, and is itself a unit of wristwatch maker Citizen Watch.

CMP manufactures and assembles automatic lathe machines, which produce other machines for use in different industries.

Originally published by:
Ronnel W. Domingo , Inquirer
https://business.inquirer.net/263045/first-gen-gmc-renew-power-supply-deal