SOURCE: AboitizPower
In the dynamically evolving world of business, one name stands out in the realm of sustainable development and cross-company collaborations: Aboitiz. The Aboitiz Group, led by Aboitiz Power Corporation (AboitizPower), has been actively forging synergistic partnerships with fellow Aboitiz-owned companies, ultimately leading to shared sustainable growth. This blog aims to delve into the details of this remarkable journey, illuminating the path for other organizations keen on embracing a similar approach.
Aboitiz InfraCapital, Inc.'s water subsidiary, Apo Agua Infrastructura, Inc., has recently inaugurated a bulk water supply project that boasts a daily water production capacity of 300 million liters. This monumental achievement was realized with the assistance of AboitizPower and the local service provider Davao City Water District (DCWD). This project not only benefits over a million Davaoeños but also stands as a testament to the power of collaboration and shared vision.
AboitizPower’s subsidiary, Hedcor, has been a pivotal force in this process. With more than 45 years of experience in generating electricity from run-of-river hydropower systems, Hedcor provides general management functions and technical support to Apo Agua’s hydroelectric power plant. The AboitizPower unit is also responsible for training Apo Agua’s personnel, ensuring the seamless operation of this green energy source.
This recent partnership with Apo Agua is another milestone in Aboitiz Group’s transformation journey, aiming to become the Philippines’ first Techglomerate. This Great Transformation leverages the strengths of the legacy conglomerate and its growing cross-company synergies to deliver more value to stakeholders and tech-up the Philippine economy. In the words of Aboitiz Group President and CEO Sabin Aboitiz, this initiative reflects the group’s belief in the power of synergy to create meaningful change.
AboitizPower has been instrumental in powering Economic Estates by AIC, specifically the LIMA Estate in Batangas, Mactan Economic Zone 2 Estate in Cebu, and West Cebu Estate in Cebu. These economic zones, registered under the Philippine Economic Zone Authority (PEZA), are envisioned to be the leading mixed-use economic centers in their respective regions.
The Aboitiz Group’s commitment to sustainable development is further exemplified by the installation of 1.5 megawatt peak solar panels at The Outlets, a shopping outlet inside the LIMA Estate. This initiative is set to offset an estimated 31,000 tons of carbon dioxide annually, reiterating the group's commitment to a greener future.
In an exemplary demonstration of the concept of a circular economy, Republic Cement, an Aboitiz company, repurposes and upcycles fly ash from AboitizPower’s Therma Visayas power plant. This process not only reduces the environmental impact of cement production but also lowers its production cost, establishing a sustainable cycle of waste management.
Aboitiz Construction, Inc. (ACI), the construction arm of the Aboitiz Group, has been involved in various projects aimed at maintaining the quality and efficiency of AboitizPower’s generation facilities. These projects, although small in scale, are integral parts of AboitizPower’s larger efforts in their journey towards sustainable development.
As AboitizPower moves closer to achieving its Great Transformation goals by 2025, it aims to continuously build, sustain, and strengthen its expertise and synergies with the rest of the Aboitiz Group. The focus remains on driving progress and prosperity, not just for itself and each respective Aboitiz company, but for people and the planet as well.
The Aboitiz Group’s journey towards shared sustainable growth, powered by cross-company collaborations, is a shining example for all corporations globally. As we march forth into a future that demands sustainable solutions, the Aboitiz way of synergizing energies provides a blueprint for success. The journey continues, but the path is clear: collaboration, innovation, and a steadfast commitment to sustainability can indeed create a better world.
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