AdventEnergy signs energy deal with Third Millenium Oil Mills Inc (TMOMI), a key producer and distributor of coconut and vegetable oil in Mindanao.
Aboitiz Power’s retail electricity supply (RES) company Advent Energy Inc. (AdventEnergy) marked a significant milestone in its regional expansion with the ceremonial signing of a partnership agreement with Third Millenium Oil Mills Inc. (TMOMI), a key producer and distributor of coconut and vegetable oil in Mindanao.
This collaboration further solidifies the energy supplier’s presence in the region and reinforces its commitment to providing innovative and efficient energy solutions across the Philippines.
AdventEnergy’s entry into the market also underscores its dedication to enhancing energy accessibility and supporting the region’s growing industries.
“Our goal is to provide Mindanao with energy solutions that are both reliable and innovative,” said AdventEnergy’s Vice President for Retail Energy Sales and Solutions Engr. Gina Camacho-David. “This partnership with TMOMI allows us to bring our expertise to a region critical to the country’s agricultural and industrial sectors. We look forward to supporting TMOMI and other industries in Mindanao.”
The deal comes at a crucial time as the Retail Competition and Open Access (RCOA) scheme expands in the region, where at least 239 end-users can choose their electricity suppliers.
The signing ceremony, held at TMOMI’s facility in Mindanao, was attended by key representatives from both companies, including Engr. Camacho-David; James Byron Yu, AdventEnergy First Vice President and Head of Retail; Elviro S. Andoy Jr., TMOMI Plant Resident Manager; and Bryan Tale, TMOMI Plant Superintendent.
A strategic expansion for mutual growth
The deal enhances the company’s reliable and energy-efficient solutions and aligns with its long-term strategy of establishing robust relationships with key industry stakeholders.
“This partnership with TMOMI is consistent with our brand promise of delivering ‘Always-on Innovation’ to help our partners in the commercial and industrial space. We are committed to creating value beyond just the delivery of retail electricity, but more importantly, being an enabler of industries vital to the country’s economic growth,” said AdventEnergy’s First Vice President and Head of Retail James Byron Yu.
“TMOMI’s leadership in Mindanao’s coconut and vegetable oil sector makes them an ideal partner as we work to provide energy solutions that meet the region’s unique needs.”
As TMOMI strengthens the region’s industrial landscape, the partnership will support the company’s advocacy for sustainable and efficient energy use. This collaboration is expected to significantly improve TMOMI’s energy management, ultimately contributing to the company’s operational efficiency and environmental stewardship.
TMOMI Plant Resident Manager Elviro Andoy Jr. expressed his optimism on the impact of AdventEnergy’s services.
“The presence of AdventEnergy in Mindanao is a game-changer for industries like ours,” he said. “Their expertise in providing tailored energy solutions will not only help us optimize our energy consumption but also enable us to contribute more effectively to the region’s economic development. We are excited to work with AdventEnergy as we continue to advance our sustainability goals and support the nation-building initiatives in Mindanao.”
Driving Mindanao’s growth with AdventEnergy’s “Always-on innovation” approach
In support of the RCOA scheme, AdventEnergy is committed to enabling businesses in Mindanao to exercise their freedom in selecting the energy provider that best aligns with their business requirements.
Its portfolio of energy solutions which include Smart Metering, Energy Audits, and Power Management Systems help businesses become operationally efficient, comply with industry regulations, and ultimately, be positioned for growth.
AdventEnergy’s partnership with TMOMI is the first step to building its relationships with local industries in Mindanao and supporting the region’s growth and development. The company is under the AboitizPower’s group which is currently the largest energy retailer group in the country with 30% market share providing services to more than 500 facilities in Luzon and Visayas.
To learn more about AdventEnergy’s recent partnerships and explore how their services can benefit your business, visit https://www.adventenergy.com.ph/partnerships/.
