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Manila Bulletin devider Business devider Trade & Industry devider BCDA taps UAE-based firm for high-tech energy infra

BCDA taps UAE-based firm for high-tech energy infra

Published May 4, 2026 12:10 pm
(From left) Esyasoft Executive Assistant to the CEO for Southeast Asia Selvi Aprilia, Esyasoft Technologies Southeast Asia Chief Executive Officer Madhususan Sreedharan, BCDA President and CEO Joshua M. Bingcang, OIC SVP for Conversion and Development Engr. Mark P. Torres. (BCDA photo)
(From left) Esyasoft Executive Assistant to the CEO for Southeast Asia Selvi Aprilia, Esyasoft Technologies Southeast Asia Chief Executive Officer Madhususan Sreedharan, BCDA President and CEO Joshua M. Bingcang, OIC SVP for Conversion and Development Engr. Mark P. Torres. (BCDA photo)

The Bases Conversion and Development Authority (BCDA) is teaming up with Abu Dhabi-based energy transition firm Esyasoft Technologies Asia to accelerate the shift of New Clark City in Tarlac to renewable energy.
In a statement, the state-run firm said BCDA President and Chief Executive Officer (CEO) Joshua Bingcang and Esyasoft CEO for Southeast Asia Madhusudan Sreedharan signed a memorandum of understanding on April 27 to establish a framework for cooperation.
The partnership aims to provide cost-efficient and environmentally responsible energy solutions to meet the growing demands of New Clark City, which is being positioned as a next-generation green metropolis.
Under the MOU, Esyasoft is expected to deliver innovative energy solutions, including the development and deployment of battery energy storage systems (BESS) in the property.
BESS stores excess energy from renewable sources and releases it when demand exceeds production.
This system enhances grid stability, strengthens energy security, optimizes energy use, and supports the wider integration of renewable energy sources, the BCDA said.
“This kind of infrastructure is more than physical development. It is about building systems that improve the daily lives of the public we serve,” Bingcang said.
Meanwhile, the BCDA will support Esyasoft in preparing feasibility studies covering the technical and commercial viability of the proposed energy transition investments.
Both BCDA and Esyasoft will also coordinate through information exchange, consultations, and joint exploration of projects to further advance sustainable infrastructure development.
Through this agreement, Bingcang said the BCDA will advance its environmentally and socially responsible initiatives, while ensuring its properties, such as New Clark City, become investment destinations for industries that require dependable and sustainable power.
The BCDA earlier turned over ₱5.7 billion in remittances to the Bureau of the Treasury (BTr) to help fund infrastructure programs, social services, and military modernization.
Of the total, ₱2.6 billion came from dividends, the highest in BCDA’s history, while the remaining ₱3.09 billion came from asset disposition proceeds. (Dexter Barro II)

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Bases Conversion and Development Authority (BCDA) New Clark City
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