Tsuneishi Heavy Industries, Inc. has tapped Aboitiz Power Corp. to provide power for its operations under the retail competition and open access, or RCOA regime.
Big power consumers like Tsuneishi, or those that require one megawatt or more, have the option to choose their own licensed retail electricity suppliers under the RCOA.
“We chose AboitizPower because we trust them. They have a track record of being a reliable and a responsible power company,” Charlie Ombao, THI factory support department manager, said in a statement.
Aboitiz Power is the holding company for the Aboitiz Group’s investments in power generation, distribution and retail electricity services.
Aboitiz Power has been aggressively expanding its RCOA customers by offering competitive rates and diverse source of power supply.
Tsuneishi, meanwhile, is one of the world’s leading shipbuilders of medium-sized vessels. It manufactures and ships its vessels to different parts of the world from Bamban, Cebu province.
Tsuneishi has received 15 orders that are scheduled for delivery this year. It’s presence in Balamban has spurred economic activity in the area.
From being a fourth-class municipality, Balamban became a first-class town with a total regular income of P301.9 million in the same year, according to data from the Commission on Audit.
From a few stores, more than 1,300 business permits were renewed in 2014 and 242 were issued by the local government. The number of business permit renewals rose to 1,327 in 2015.
Tsuneishi employed 11,260 workers, including 760 direct hires. The company hired qualified residents from Buanoy and other parts of Balamban, as well as those from neighboring Toledo City.
Ombao said Tsuneishi was taking its responsibility to the community and the environment seriously.
In line with its parent company’s vision and mission, the facility in Balamban treats wastewater before discharge, segregates wastes so that only residual wastes are brought to the municipal landfill for final disposal, and complies with environment regulations and standards on the treatment and disposal of hazardous materials.
Tsuneishi also encourages employees to participate in annual tree and mangrove planting activities. The company plans to plant 2,500 indigenous tree seedlings in the uplands of Balamban and 5,000 mangrove propagules on foreshore areas every year.