The Yuchengco Group’s listed construction firm EEI Corp. said Friday its subsidiary, EEI Power Corp., recently signed a deal with International Wiring System (Phils) Corp. for the construction of a 1008-kilowattpeak solar photovoltaic rooftop system at the latter’s plant in Tarlac City.
EEI said the IWSP deal is just one of several deals carried out through the joint marketing efforts of EEI Power and Nippon Steel Trading Corporation-Manila Office, specifically among Japanese-affiliated companies in the Philippines.
This particular collaboration also involves the use of solar panels from Japanese-associated Vietnam Sunergy Joint Stock Company. The system which will be comprised of 1,832 pieces of VSUN 550-watt monocrystalline solar photovoltaic panels is expected to provide at least 40 percent of the daytime load requirement of IWSP’s Building 6 and will yield an annual average energy output of 1,296,675 kiloWatt-hours.
Additionally, it is anticipated to mitigate the company’s carbon footprint by an estimated 598 metric tons per year, or the equivalent to saving 136,492 liters of gasoline annually and planting 17,848 additional trees.
EEI president and chief executive officer Henry Antonio said the contract with IWSP is a testament to the company’s commitment to social and environmental consciousness.
“More and more, we will see EEI and our subsidiaries drive practices that strengthen our focus and commitment towards Environmental, Social and Governance Values. ESG is an area, although now finding its way to domestic corporate ethos, is still far behind in terms of adoption in the Philippines in general. EEI is rethinking its position and it will continue to challenge stakeholders including customers on their ESG practices,” said Antonio,
