AboitizPower and Max’s unit renew power supply deal

ABOITIZ Power Corp. (AboitizPower) said on Thursday that it had renewed its retail energy partnership with Max Group, Inc.’s manufacturing arm No Bia, Inc. to supply 1.2 kilowatts of electricity.

In a media release, the listed energy firm said it had agreed to power No Bia’s food manufacturing and distribution center in Carmona, Cavite for the next four years.

“No Bia, Inc.’s dedication to evolving their menu offerings and enhancing their capabilities illustrates their unwavering commitment to leading the way in service excellence in food manufacturing and distribution,” said AboitizPower Retail Head James Byron Yu.

“It is AboitizPower’s privilege to support that with the clean and reliable energy it can and will deliver,” he added.

According to the company, the facility produces about 2,000 metric tons of food every month, supporting over 300 retail partner stores, as well as a local network of more than 600 stores in the country.

“Our partnership with AboitizPower mirrors our brand values [of being] genuine, thoughtful, and delightful. Leveraging on AboitizPower’s renewable energy not only allows us to serve countless Filipino individuals with our culinary offerings but also adds significant value to the Max’s Group’s mission,” said No Bia President Cristina T. Garcia.

The two companies had their first contract in November 2021 which is set to expire next month. The new contract covers November 2023 until December 2027.

AboitizPower aims to continue to invest in renewables in a bid to achieve at least 4,600 megawatts (MW) or 50% of its generation portfolio by the next decade.

The company has renewable energy projects with a combined capacity of about 1,000 MW that are in the pipeline through the development of wind, solar, and geothermal plants.

At the stock exchange on Thursday, shares in AboitizPower went down by P1.25 or 3.47% to P34.75 apiece. — Sheldeen Joy Talavera