AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
  • Home
  • News
  • Features
  • Business
No Result
View All Result
AngMinero
No Result
View All Result
Home Business

BAGONG POWER SUPPLY DEAL: Century Peak taps GESC for 57-MW power supply

AngMinero News by AngMinero News
June 21, 2019
in Business, News
27 1
0
MGP hailed as best mine site by DENR
84
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Mining, cement, steel, and minerals development company Century Peak Corp. (CPC) inked a five-year power supply deal with Global Business Power Corp.’s (GBP) retail energy supplier Global Energy Supply Corp. (GESC).

GESC will be supplying CPC 57 megawatts of power as agreed under the Energy Regulatory Commission’s Retail Competition and Open Access (RCOA) scheme.

The scheme, which is a provision of the Electric Power Industry Reform Act, gives liberty in choosing preferred electricity suppliers to “contestable consumers” peaking demand falls within the threshold level of contestability.

“Century Peak is one of the country’s leaders in cement and steel manufacturing. We thank them for their trust in us and our new vision to become a total sustainable energy solutions provider.” GBP President Jaime T. Azurin said in a BusinessMirror report.

According to GBP, the deal with CPC is their largest retail contract supply to date. They added that this deal also shows both their and CPC’s commitment in the current administration’s “Build, Build, Build” program.

“As we continue to support the country’s infrastructure drive through our operations, we look forward to working with GBP to help meet our energy requirements,” CPC CEO Wilfredo D. Keng said

The government has reserved a P 910 billion equivalent to 4.7 percent of the country’s gross domestic product for infrastructure spending for 2019 as per the Department of Budget and Management. This allocation is projected to hit the P1-trillion mark by 2010 reaching P 1.81 trillion by 2022.

As of November last year, 44 projects are active and currently in various stages of implementation with 28 expected to be completed by 2022 said National Economic and Development Authority.

Tags: Century Peak Corp.Department of Budget and ManagementElectric Power Industry Reform ActEnergy Regulatory CommissionGlobal Business Power Corp.Global Energy Supply Corp.National Economic and Development AuthorityRetail Competition and Open Access

Related Posts

#AralLakbay Launched: Nickel Asia and CANVAS Bring Climate Lessons to Children
News

#AralLakbay Launched: Nickel Asia and CANVAS Bring Climate Lessons to Children

September 9, 2025
Taguig RTC Rules Joseph Sy is Filipino, Declares BI Detention Illegal
News

Taguig RTC Rules Joseph Sy is Filipino, Declares BI Detention Illegal

September 8, 2025
Dinapigue Mining to Deploy 750 Concrete Tetrapods in PHP 22M Deal with CSC
News

SMMCI, 11 Barangays Ink Local Hiring Agreement in Surigao City

September 5, 2025
MGB releases top mining contributors in reforestation
News

MGB Launches First National Workshop to Step Up Illegal Mining Crackdown

September 5, 2025
DOE investigates SMPC incident in Antique
News

SMPC Earns Merit Award at Philippine Quill Awards for Website Redesign

September 5, 2025
BOI, UP Push Feasibility Work on Copper Rod Facility
News

BOI, UP Push Feasibility Work on Copper Rod Facility

September 5, 2025

FEATURED POST

#AralLakbay Launched: Nickel Asia and CANVAS Bring Climate Lessons to Children

#AralLakbay Launched: Nickel Asia and CANVAS Bring Climate Lessons to Children

September 9, 2025
Taguig RTC Rules Joseph Sy is Filipino, Declares BI Detention Illegal

Taguig RTC Rules Joseph Sy is Filipino, Declares BI Detention Illegal

September 8, 2025
Dinapigue Mining to Deploy 750 Concrete Tetrapods in PHP 22M Deal with CSC

SMMCI, 11 Barangays Ink Local Hiring Agreement in Surigao City

September 5, 2025
MGB releases top mining contributors in reforestation

MGB Launches First National Workshop to Step Up Illegal Mining Crackdown

September 5, 2025

EDITOR PICK'S

#AralLakbay Launched: Nickel Asia and CANVAS Bring Climate Lessons to Children

September 9, 2025

Taguig RTC Rules Joseph Sy is Filipino, Declares BI Detention Illegal

September 8, 2025

SMMCI, 11 Barangays Ink Local Hiring Agreement in Surigao City

September 5, 2025

MGB Launches First National Workshop to Step Up Illegal Mining Crackdown

September 5, 2025

SMPC Earns Merit Award at Philippine Quill Awards for Website Redesign

September 5, 2025

BOI, UP Push Feasibility Work on Copper Rod Facility

September 5, 2025

Semirara Backs DOE Study on Coal Phaseout Impacts

September 4, 2025

Recent News

#AralLakbay Launched: Nickel Asia and CANVAS Bring Climate Lessons to Children

#AralLakbay Launched: Nickel Asia and CANVAS Bring Climate Lessons to Children

September 9, 2025
Taguig RTC Rules Joseph Sy is Filipino, Declares BI Detention Illegal

Taguig RTC Rules Joseph Sy is Filipino, Declares BI Detention Illegal

September 8, 2025

Category

  • Business
  • Features
  • News
  • Uncategorized

Follow us

  • Setup menu at Appearance » Menus and assign menu to Footer Navigation

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In