EEI Energy Solutions Corp. bagged a contract to supply retail power to Genstar Manufacturing Corp., a Valenzuela-based manufacturer of plastic packaging.In a disclosure on Wednesday, EEI Energy parent firm EEI Corp. said this is the second customer in their portfolio that went through initial switching.It also said Genstar, the fourth customer of the startup EEI Energy, opted to switch to retail electricity supply.
“We are truly honored to having been given the privilege of helping the company realize savings in their power bills and funds which it can use in other aspects of its operation,” said EEI Energy President Cris Noel Torres.
EEI Energy, the retail arm of EEI Power Corp., commenced energy delivery last September.Currently, EEI Energy’s supply basket is more than 4.2 megawatts (MW) since it started commercial operation in February this year.Adding to EEI Energy’s prospects is the provision of renewable energy (RE) to customers who are qualified under the Green Energy Option Program (GEOP), which is targeted to be commercialized by the end of the year.
The Department of Energy granted the GEOP Operating Permit to EEI Energy last September.
GEOP is a mechanism that provides electricity end-users with average peak demand of 100 kilowatts and above the option to choose RE resources as their source of energy.Aside from being a power generation company and a retail electricity supplier, EEI Power is also a supplier of electrical equipment such as electrical panels, switchgears, generator sets, transformers, busways, among others.
EEI Power is a licensed electro-mechanical contractor accredited by the Philippine Contractors Accreditation Board, providing services like preventive maintenance of electrical systems and equipment, power quality analysis, and refurbishment and rehabilitation, among others.