First Gen bags power supply deal for four Megaworld projects By TED CORDERO, GMA News
Published April 21, 2021 11:53pm Lopez-led renewable energy firm First Gen Corp. has been tapped by property giant Megaworld Corp. to supply “clean and renewable” energy to four of its upscale township and office tower projects in Taguig City. Citing the agreement finalized by the two companies, First Gen said it has committed to supply Megaworld with 6.17 megawatts (MW) of geothermal power for Uptown Place Towers 1, 2, and 3; and to Alliance Global Tower, which houses the headquarters of Megaworld parent firm Alliance Global Inc. (AGI) as well as its subsidiaries.
First Gen supplies RE-generated power to Megaworld
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First Gen signs 6 7MW geothermal PPA with property developer
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First Gen signs deal to supply clean energy to 4 Megaworld projects
enablePagination: false Courtesy: First Gen website
Metro Manila (CNN Philippines, April 21) First Gen Corp. has signed a deal to supply clean and renewable energy to four projects of property giant Megaworld Corp. in Taguig City.
In a statement, the Lopez-led energy provider said it committed to supply 6.17 megawatts of geothermal power to Uptown Place Towers 1, 2 and 3, and to the flagship Alliance Global Tower, which houses the headquarters of the Megaworld’s parent firm Alliance Global Inc. and its subsidiaries including the property firm.
Ricky Carandang, vice president and head of corporate communications of First Gen, said they readily agreed to the partnership due to their shared goal of promoting sustainable energy and campaigning against climate change.