MANILA, Philippines — Gotianun-owned Filinvest Land Inc., along with its joint venture partner Engie Services Philippines, has signed an agreement to provide energy-efficient solutions to Lucio Co’s PBCom Tower.
The Philippine DCS Development Corp. (PDDC), the joint-venture company between the two companies, signed the 10-year contract with Filinvest Asia Corp. (FAC) and PBCom to provide energy-efficient solutions for PBCom Tower, its joint development project.
Under the agreement, PDDC will provide a chilled water plant within the 52-storey PBCom Tower through a build-own-operate-transfer (BOOT) model.
PDDC will also design, finance, rehabilitate, construct, install, operate and maintain a new and efficient chilled water plant that will provide energy savings to the tower.
As part of the arrangement, the BOOT system will transfer the ownership of the chilled water plant to FAC and PBCom at the end of the concession agreement.
“PDDC through Engie will work with PBCom Tower and its locators toward achieving their sustainability objectives with our teams of experts in the field of energy and green technologies,” said Pierre Cheyron, CEO, of Engie South East Asia.
“PBCom Tower’s energy-efficiency contract is another vote of confidence and testament to our ambition in accelerating zero-carbon energy transition in the Philippines, following the successful implementation of other energy efficiency and digital solution projects in the country,” Cheyron said.
With the arrangement, PBCom Tower is expected to reduce its power consumption by about 4,103 MWh per year. The project also aims to cut carbon dioxide emissions, a key component of FAC’s vision of sustainable development.
PBCom is located in Makati and is touted as the tallest office building in the Philippines. It has a total ground to architectural top height of 850 feet with 52-stories and an eight-level radio tower. It is one of the few buildings accredited as an information technology zone by the Philippine Economic Zone Authority.
FAC is a joint-venture between FDC and Reco Herrera Pte. Ltd., an investing vehicle of the Government of Singapore Real Estate Ltd.
PDDC, meanwhile, is an incorporated joint-venture between FLI and Engie Services (Philippines), the local arm of the France-based Engie, a worldwide leader and biggest in energy efficiency and environmental services.