PNB Holdings Corporation (PHC), the real estate holding arm of Philippine National Bank, has reached an agreement with the First Gen Group for direct supply of more than five megawatts of renewable energy (RE) for two of PHC’s highvalue properties.
The supply agreement, signed last month by officials from PHC and First Gen, will provide geothermal power sourced from the latter’s Tongonan generation facility in Leyte for the PNB Financial Center along Macapagal Avenue, Pasay City, as well as the PNB Makati Center in the Makati central business district.
“PNB Holdings’ transition to 100% renewable energy across PNB Financial Center and PNB Makati Center through our partnership with First Gen reflects our commitment to more sustainable and responsible property operations while maintaining efficiency and reliability. We believe this move will help reduce our environmental impact and support our goal of building more resilient and future-ready properties,” said By Joel Gaborni PHC chief financial officer Ponciano Carreon Jr.
Aside from PHC, First Gen supports the RE requirements of other firms under the Lucio Tan Group (LTG), such as Philippine Airlines, Lufthansa Technik Philippines, Macroasia SATS Food Industries Corp., Macroasia Catering Services Inc., Grandspan Development Corp., Absolut Distillers and Eton Properties.
“It is our privilege to broaden our partnership with LTG through our partnership with PNB Holdings Corporation. We look forward to supporting PHC in its journey towards decarbonization as they continue to invest in community experience and workspace environment and future-proof its property developments through sustainability-led innovations,” said First Gen head of sales and engagement Arlene Soriano.
L-R: Arlene Soriano, First Gen head of sales and engagement; Carlo Vega, FirstGen chief customer engagement officer.
