Vantage Energy, a subsidiary of Manny Pangilinan’s Meralco, will power 35 Gokongwei Group properties nationwide under a new Retail Electricity Supply Agreement.
The deal covers sites owned by Robinsons Land, Universal Robina Corporation, and Robinsons Supermarket Corporation.
Robinsons Land, the real estate arm of JG Summit, runs a mix of residential, office, commercial, and hotel developments.
URC is the group’s snack food and beverage giant with operations across ASEAN, while Robinsons Supermarket operates a nationwide grocery chain.
Vantage Energy, which supplies electricity to contestable customers outside Meralco’s franchise zone, will reportedly provide a portion of the energy from renewable sources.
The partnership is being touted as a major step in JG Summit’s sustainability goals, though most of the energy will still come from traditional sources.
The arrangement builds on a long-standing relationship between the two conglomerates, now with “green” branding for added press value.
In addition to powering business operations, Vantage claims to make a difference in communities through CSR efforts, though no specifics were provided.
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