Citicore Renewable Energy Corp. (CREC) has entered into a partnership with Clark Electric Distribution Corporation (CEDC) to supply solar power to the latter’s local retail electricity supplier (LRES) arm, Cogent Energy.
Under the partnership, CEDC, through Cogent Energy, has secured a 7.5-megawatt (MW) supply from CREC’s Tarlac solar power plant.
The contract will run until December 2024 or upon the commencement of commercial operations at CREC’s upcoming Bato Solar Power Plant in Palauig, Zambales.
Once the Bato Solar Plant becomes operational, the partnership will transition into a 10-year power supply contract, providing 30MW of CEDC LRES’ electricity needs.
“We will help make the DOE’s aspiration a reality through our partnership with Citicore, a well-known renewable energy supplier in the Philippines,” said Cogent Energy OIC manager Erickson Montes.
CEDC adds to CREC’s growing list of partners who believe in powering a greener future using renewable energy. Other partners include various distribution utilities, leading commercial establishments, and major corporations throughout the country.
“Our partnership with CEDC, among others, is another step in Citicore’s continued commitment to supporting the government in their renewable energy transition target,” said CREC EVP Manolo Candelaria.
“We’re very excited and honored to have CEDC join our growing list of long-term partners, and we thank CEDC for trusting Citicore to meet their energy requirements,” he added.”