Food manufacturer Monde Nissin Corporation (MNC) has inked a power supply agreement (PSA) with Energy Development Corporation (EDC), for it to source electricity supply from a renewable energy-generated resource.
According to EDC, which is a subsidiary firm of Lopez-led First Gen Corporation, the various businesses of the MNC group that shall be covered by the power supply deal will include those of Monde Nissin, Monde M.Y. San Corporation, and Sarimonde Foods Corporation.
The electricity volume underwritten by MNC in the power supply pact had been for a capacity of roughly 16 megawatts (MW) and it will be drawn primarily from the geothermal power facility of EDC.
“MNC’s five-year power supply comes from EDC’s Unified Leyte geothermal power plant complex, one of the company’s largest facilities,” the Lopez firm specified.
EDC conveyed that “the supply agreement between the two companies was finalized in 2021 and commenced for five of its facilities last month. Two other facilities will start getting their power supply in December this year and two more next year.”
In sourcing its electricity needs from green sources, the Lopez-led power firm asserted that “MNC recognizes the role it plays in the well-being not only of its consumers but also of our planet.”
MNC Chief Sustainability Officer Marivic Cajucom-Uy indicated that their company’s message is “clear and consistent – we should embrace sustainability and look into more ways of incorporating sustainable practices in our businesses.”
She expounded that “what Monde Nissin and First Gen made possible is just a fraction of what the world needs. Let us hope that more companies move in this direction for the sake of the planet and future generations.”
The company said part of its commitment is “to not only manufacture food products but to make them with the least carbon dioxide (CO2) emissions, a greenhouse gas being linked to adverse climate change and its destructive consequences such as stronger typhoons, more frequent floods, and longer droughts.”
Carlo Vega, vice president and head of First Gen’s Power Marketing, Trading and Economics, stated that their customer-clients share that commitment “in addressing the society’s present needs without harming the ability of future generations to meet theirs. And our new partners do this by making a conscious decision of creating a more positive impact on its consumers and on the environment through shifting to RE.”
Such scale of awareness, Monde Nissin noted, “explains the group’s decision to partner with First Gen’s geothermal subsidiary.”
As emphasized, it was a conscious choice on the part of the food company to opt for geothermal as their energy source because this technology “hardly emits any C02 to the atmosphere.”
MNC added that under its partnership with EDC, it has been expecting to trim its carbon footprints in half – or by as much as 100,000 tons of carbon dioxide emissions on a yearly basis.