First Gen supplying Ali Mall with hydropower

First Gen supplying Ali Mall with hydropower
on May 11, 2021 at 5:43 pm
First Gen Corporation has been tapped by the Araneta Group to supply renewable energy (RE) to the iconic Ali Mall in Cubao, Quezon City.
The Lopez-led firm, through subsidiary Bacman Geothermal, Inc. (BGI), signed an agreement with Araneta City, Inc. (ACI), the Araneta Group’s property arm. Under the two-year deal, BGI will supply the mall with 2.1 megawatts (MW) of power from First Gen’s 132MW Pantabangan-Masiway hydroelectric plant in Nueva Ecija.
“We at First Gen are happy that the Araneta Group has accepted our offer to be a partner in the task — even if daunting — of reducing the buildup of more heat-trapping carbon dioxide in the atmosphere,” First Gen Vice President for Marketing Carlo Vega said in a statement.

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