ADVENT, APRI enter PSA with Nexif Ratch

July 25, 2023

ADVENT, APRI enter PSA with Nexif Ratch
Present during the signing are the executives from the companies led by (L-R) AboitizPower Senior Vice President Sandro Aboitiz, Calabanga Renewable Energy President Nicolo Subido, and AboitizPower First Vice President James Yu.

Aboitiz Power Corporation’s (AboitizPower) retail electricity entities Adventenergy Inc. (ADVENT) and AP Renewables Inc. (APRI) entered into a power supply agreement (PSA) with Nexif Ratch Energy Investments Pte. Ltd. (Nexif Ratch) for the supply of clean solar energy.

The electricity supply will be sourced from the 74 megawatt peak (MWp) solar project of Nexif Ratch in Calabanga, Camarines Sur once it is completed by the second quarter of 2024. This will further grow ADVENT and APRI’s portfolio of customers from the commercial and industrial market. The partnership amongst the companies is a response to the call to promote the use of renewable energy (RE) and for businesses to adopt sustainable practices in their operations.

“As an energy retailer, we need to address the needs of our customers, one of which is their interest in knowing where their power comes from, given how more consumers want to take part in the energy transition,” said AboitizPower First Vice President - Head of Retail James Yu.

“As such, we have made it our mission to expand our RE supply through partnerships such as the supply agreement we’ve recently signed with Nexif Ratch. This way, we can address the demands of our customers and make RE more accessible to those who wish to shift to a more sustainable source of energy.”

ADVENT is the leading energy retailer in the country. As an energy service company, it provides an array of energy solutions and services to commercial and industrial customers. These services include conducting energy audits, offering smart metering solutions, and providing a range of energy efficiency and power quality solutions.

APRI is one of the Philippines’ leading geothermal energy producers and is also a top energy retailer providing electricity supply to various commercial and industrial customers. As a power generator, APRI delivers clean and renewable baseload power with two facilities in Tiwi, Albay and the areas of Bay and Calauan, Laguna and Sto. Tomas, Batangas.

Nexif Ratch is a 51:49 joint venture between Nexif Energy and Ratch Group. Nexif Energy is an independent power producer engaged in development, financing, construction and opportunistic acquisition of conventional and renewable power generation assets across South & Southeast Asia and Australia. Ratch Group, which is an affiliate of Thailand’s electricity generating authority, is the largest independent power producer in Thailand, owning power generation capacity of more than 8,000 MW located in Thailand, Australia, Laos, China, Indonesia and Vietnam.

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