Power demand of several properties of Araneta City (ACI Inc.) will be pooled through an aggregation program, using renewable energy (RE), with First Gen Corporation (First Gen).

First Gen, in a press release, said the tie-up will cover the requirements of more than 200 retail and service tenants of Ali Mall and New Frontier Theater, including the events and concert hall, and the more than 9,000 apartments in 18 residential towers of Manhattan Gardens.

The power supply would come from First Gen’s Pantabangan-Masiway and Casecnan Hydroelectric Power Complex in Nueva Ecija.

Under the government’s Retail Aggregation Program, a power consumer may pool all the requirements of its facilities to efficiently improve energy, help manage costs, and choose an electricity supplier.

“Each of our properties has energy demands, and switching to retail aggregation and using RE is a strategic move that will enable us to improve energy efficiency and effectively manage our electricity costs," Antonio Mardo, ACI Inc. senior vice president of operations, said.

“We hope that our relationship with First Gen will continue over the years and even expanded.”

First Gen Chief Customer Engagement Officer Carlo Vega said Araneta City’s transition to RE and retail aggregation is a good move.

“We are aligned in our common goal to make a decarbonized and regenerative future iconic and look forward to continuing to partner with Araneta City in its sustainability journey," he said.