by ayan c. mellejor
The AboitizGroup is optimistic to meet its goal of providing 4,000 mega-watts (MW) of attributable new sellable capacity by 2020 highlighting its con-tinued effort to hit the target in three years.
Anton Mari Perdices of the AboitizPower Distri-bution Group even hinted to exploring opportunities overseas aside from the local renewable projects already in the pipeline. He said this is the Group’s strategy to seek out invest-ment prospects in the ASEAN region.
Perdices is looking at keeping the balanced mix strategy. “We believe that the long-term energy secu-rity of the country can be solved by balancing sus-tainability, accessibility, and reliability of power,” he stressed.
Aboitiz is also looking forward to the full imple-mentation of Open Access, which it believed they are well-positioned to compete. Perdices is referring to the full implementation of the Wholesale Electricity Spot Market (WESM). In Min-danao, the Department of Energy is looking at the second quarter of 2018 to go full blast in implementing WESM.
WESM is providing a competitive and transpa-rent power market for Mindanao electricity con-sumers. It will lead Minda-nao closer to the fulfillment of the intent to restructure the electric power industry in terms of efficiency, greater innovation, end-user choice, and returns to investments.
“We firmly believe that it is our responsibility to give the end user the power of choice – the power to choose his power supplier and the type of power he will consume,” Perdices emphasized.
In Mindanao, Perdices said the Group’s distribution utilities Davao Light and Cotabato Light continue to grow significantly, fueled by more investments in these areas.
“Our power generation plans like Therma South, Therma Marine and Hed-cor underline our strategy of balance – by providing power wherever and whenever it is needed – be it baseload, intermediate or peaking power. We conti-nue to serve our customers to as far as Zamboanga, Cagayan de Oro and Suri-gao,” he disclosed.
He announced that in the next several months, the AboitizGroup will inaugu-rate the 68.8-MW Manolo Fortich project of Hedcor to add valuable renewable energy supply to Mindanao.
As this developed, Perdices highlighted the Aboitiz’s goal of putting greater emphasis on making sound business decisions in pursuit of our four strategic pillars, which are: to grow the business, enhance stakeholder engagement, build human capital and execution excellence in everything that the Group is doing.
“We are happy to report that we are on track and very pleased with what we have achieved so far,” he said during a media gathering on Friday night.
Aboitiz remains committed to live up to its aim of driving change for all stakeholders to continue contributing to the develop-ment of the country.
Perdices announced that this year, “we set out to better articulate that narrative of our history through our Group pur-pose: To drive change for a better world.”
He said the Aboitize-Group will do this through advancing business and communities by powering progress, providing smart banking solutions, creating partners for growth, buil-ding infrastructure, and empowering communities. Guided by our core values of integrity, teamwork, innovation and responsibi-lity, we will continue to create long-term value for all our stakeholders.
Among the business developments, Perdices cited UnionBank’s conti-nued pursuit strategic partnerships while staying focused on its FOCUS 2020 roadmap, which includes digital transforma-tion and growing its custo-mer base towards building a great retail bank.
There is also the AboitizLand which plans to intensify participation in nation building with its increasing number of new projects, and Pilmico which is on its next wave of ex-pansion.
“Our strategy is to sustain and strengthen the profitability of our existing core businesses, while building new ones. We intend to diversify our food portfolio and geographic risk by expanding our customer base in the ASEAN Region. Digitali-zation will play a key role in advancing our business,” he said.
Perdices also cited the Aboitiz InfraCapital (or AIC), under which Repub-lic Cement and Apo Agua are housed, which will serve as the Group’s vehicle to participate in the Philip-pine infrastructure space under the government’s Build, Build, Build Program.
“Under this business unit, we have also consoli-dated our water invest-ments, acquiring LiMA Water Corporation in Batangas, and a minority stake in Balibago Water-works System in Pampa-nga,” he further disclosed.
Perdices highlighted to make Mindanao a vital marketplace for Abotiz-Group’s businesses – whether it be Pilmico, or for Unionbank and City Savings Bank. Pera Hub is much a part of the commu-nity, providing services to all corners of the island.