UK-based Aggreko has opened its first depot in the Philippines to work with utilities and industries in helping bridge the country’s power gap.
The $10-million depot at the Trans Ocean Cabuyao Yard in Laguna will serve the needs of customers in Luzon while providing power to the growing number of industries and consumers around the country.
The company provides modular, mobile power solutions. It depot opened on Tuesday, May 17.
“The Philippines is one of our most strategic markets globally and in Asia, and our depot and service center opening makes our commitment very clear to serving our existing and potential customers in this market,” said Venkie Shantaram, Aggreko managing director for North Asia.
The Cabuyao depot will initially deliver 30 megawatts (MW) to serve the needs of small-sized industries and hundreds of households.
”We recognize that the Philippines’ growing economy has done well compared with its neighboring Asian countries. But it has the potential to even do better if the power shortage situation can be addressed, especially with the availability of new technologies and creative solutions,” said Maximino Montenegro, country manager of Aggreko Energy Rental Solutions Inc.
Aggreko will work with utilities and industrial companies in the Philippines when there are power shortages during elections season and critical summer months.
The company has around 50 MW installed in several locations in the country, serving the needs of electric cooperatives, independent power producers (IPPs), mines, and other industries.
In Mindanao, Aggreko has a combined installed capacity of 37 MW for the franchise areas of Cagayan Electric Power and Light Inc., South Cotabato 1 Electric Cooperative, and Davao del Sur Electric Cooperative Inc. (DASURECO).
A change in the national leadership and may prompt Aggreko to address the outages in Mindanao, said DASURECO General Manager Godofredo Guya.
“Due to the severe rotational power outages in Mindanao, we prompted for Aggreko’s assets and we thanked them, because they have helped curb these problems,” Guya, who is also a board member of Davao Del Norte Electric Cooperative Inc., noted.
“The President-apparent, in fact, saw how serious the situation was in Mindanao and is now calling to solve the same. We are very much expecting that business will boom in the next administration, because we see the upward trend in Davao region. I think there’s nothing to worry about. In fact, there’s something to look forward to,” he added.