Leene Camo | January 7, 2019
Science Park of the Philippines, Inc. (SPPI), one of the country’s leading industrial estate developers, has partnered with AboitizPower for the energy needs of its newest project, the Light Industry & Science Park (LISP) IV, a 212-hectare park situated in Malvar, Batangas.
LISP IV is part of a mixed-use development called Malvar Cybergreen, which includes commercial, institutional, and residential components. It retains about 35% of its original landscape to preserve its natural ecosystem that enhances the environmental quality of the park. It has numerous advantages including the ability to withstand worst recordedrded flooding in the area in a hundred years.
With our goal to make LISP IV another world-class and sustainable industrial estate similar to our other developments, we saw the need for a partner who shares our commitment to quality, innovation, and sustainability.
–Richard Albert I. Osmond, President, SPPI
Jim Aboitiz, Executive Vice President and Chief Operating Officer of AboitizPower Distribution Business Group, said that “this new partnership underscores AboitizPower and SPPI’s efforts to provide Filipinos and foreign partners with excellent business support and services that are adherent to global standards. Economic zones, through their products and services, are major drivers of our economy. They provide thousands of Filipinos with gainful employment. We are happy to support these zones and their locators through reliable, dependable and efficient power, so they can continue to contribute to the growth of the economy, our people, and the country.”
AboitizPower, through its distribution utility, Malvar Enerzone Corporation, will manage the construction, installation, operation, and maintenance of the power distribution of LISP IV for 25 years.
LISP IV will have two 50-megawatt transformers to ensure that its locators, most of which are export manufacturing and industrial companies, will have reliable and good quality power supply. AboitizPower has been in the power distribution business for 80 years now. It operates the second and third biggest distribution utilities in the country – Visayan Electric Co., which serves the Metro Cebu area and Davao Light and Power Co., which serves Davao City and its surrounding areas. It also operates Cotabato Light and Power Co.
AboitizPower’s EnerZone Group has also been the trusted power distribution partner of various Philippine Economic Zone Authority (PEZA)-registered economic zones in Mactan, Balamban, Subic and Lipa, ensuring reliable and dependable power supply for locators.