Lopez-led First Philec Inc. is on track to launch its green transformers within the quarter, its president said on Thursday.
During a press briefing at the 23rd Conference of the Electricity Power Supply Industry (CEPSI), First Philec President Ariel Ong said the company will provide Manila Electric Co. (Meralco) samples of its green transformers for evaluation.
“Yes, it will push through. We are ready to launch it by the fourth quarter. The first recipient will be Meralco. We’re going to give them a few samples for them to evaluate,” he said, when asked when the green transformers will be introduced in the market.
Designed to help improve the safety and efficiency of power systems, transformers adjust the voltage levels of power systems as needed.
First Philec’s green transformers are made from 100-percent recyclable and biodegradable materials, which will help reduce system losses as well as carbon footprint.
Ong noted that there is demand for green transformers in the market, citing interests from customers, such as Meralco and the Aboitiz Group.
Ong was one of the speakers during the first day of CEPSI. Other speakers included executives from Meralco, the energy minister of Brunei, and Energy Secretary Alfonso G. Cusi.
During his pre-recorded talk, Cusi discussed the Philippine Energy Plan of 2020-2040 and underscored the importance of cooperation among stakeholders as well as innovation to further improve the energy sector in the country.
“We are determined to push our stance of achieving climate justice for countries like the Philippines who have suffered the wrath of climate change. While we address these major challenges, we must be innovative in coming up with ways how our energy plan will effectively result in reliable, affordable, resilient, and sustainable energy services for the Philippine archipelago not only for the present but will serve as a blueprint of our energy future.”
CESPI is organized by the Association of the Electricity Supply Industry of East Asia and the Western Pacific (AESIEAP) Philippine Coalition.
“Anchored on a 5S Agenda: Sustainable, Socially Inclusive, Smart, Synergized, and Scalable, this year’s Conference highlights how global power utilities are reinventing businesses and incorporating sustainability goals into their operations, while successfully meeting the growing energy demand,” said AESIEAP Secretary General Ronnie L. Aperocho.
He added: “It is important for energy companies to have a core purpose in everything they do, but one company alone cannot achieve this goal of having a more sustainable environment. Through this conference, we hope to be able to address the core issues concerning the power industry and underscore the need for all stakeholders to work hand-in-hand in fulfilling the world’s green agenda.”