EEI Energy to Supply Retail Electricity to Centro Mall and Limcoma Corp.

EEI Energy Solutions Corporation (PSE: EEI), the electricity arm of EEI Corporation, recently inked retail electricity supply deals with Centro Mall and Limcoma Multi-purpose Cooperative. This comes only after a few months of acquiring its Retail Electricity Supply (RES) license from the Energy Regulatory Commission (ERC) in February.

“EEI Energy is honored to have been chosen to be the retail electricity supplier of Centro Mall and Limcoma Corporation among all the other players in the industry. This is a testament to the dependability and reliability that EEI is known for and the value-added services that we can make available to our customers considering the diverse business interest of our group,” said EEI Energy’s President Cris Noel Torres.

Centro Mall and Limcoma Corp. are among the first accounts closed by EEI Energy within just six (6) months into its operation, following the account with the local counterpart of a leading Southeast Asian aqua culture manufacturer, which commenced last May. Each facility requires over 500kW of electricity supply. EEI Energy’s total contracted capacity to-date is approximately 3.5MW.

“These accounts will definitely be the first of many customers we will serve with our unique offerings. While we look forward to a lasting and sustainable business relationship with our customers, we are aggressively working on providing the same, if not more, level of service to other contestable customers across the Luzon and Visayas market” said Valia Quinajon, EEI Energy’s Operations Manager.

EEI Energy, a wholly-owned subsidiary of EEI Power Corporation and a member of the Yuchengco Group of Companies (YGC), is increasing its presence in untapped market segments including areas in the Visayas region, as well as North and South Luzon leveraging the business relationship between EEI Corporation and its subsidiaries.

“We are ramping up efforts to further penetrate the retail market and with the synergistic efforts within the EEI Group and the entire YGC. It will just be a matter of time for EEI Energy to carve its place in the retail energy space as one of the most innovative retail electricity suppliers in the country and be able to deliver quality service to our customers,” said Salvador Salire Jr., EEI Energy’s General Manager.

Salire also said that other facilities in the commercial and industrial market are expected to re-open or at least regain normal electricity consumption as the Philippine economy begins to bounce back. He added that increases in capacity of renewable energy produced by its parent company EEI Power Corporation will meet rising demand for retail electricity, as contestability threshold is expected to be lowered to 100kW in the coming years.

Centro Mall is one of the prominent shopping malls in Laguna while Limcoma is the first ISO 9001:2001 certified feed mill cooperative in the Philippines.

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