MAKATI CITY — The Subic Bay Metropolitan Authority and Subic EnerZone Corp. (SEZ), a wholly owned subsidiary of AboitizPower, have renewed their power distribution partnership for 25 years, committing to grid improvements and reliable electricity supply to support business expansion at the Subic Bay Freeport Zone.
Announced on Oct. 23, the agreement extends a partnership that began when SEZ started commercial operations in October 2003. The long-term arrangement is expected to support the freeport’s industrial, commercial and residential developments by strengthening its electricity distribution infrastructure.
The renewal was formally announced during the “Powering Subic’s Next Chapter: SBMA-Subic EnerZone Renewed Partnership Launch” at Ayala Triangle Gardens 2 in Makati City, attended by executives of AboitizPower, Aboitiz Equity Ventures and SBMA.
The partnership focuses on improving power reliability, expanding grid capacity and upgrading distribution systems to accommodate increasing electricity demand as new investments and development projects enter the freeport.
SBMA chairman and administrator Engr. Eduardo Jose Aliño presented the agency’s development priorities, underscoring the importance of dependable energy infrastructure in maintaining investor confidence and supporting Subic’s economic growth.
Engr. Jay Navarro, SEZ officer-in-charge president and general manager, outlined planned system upgrades and reliability enhancement measures designed to meet future demand and strengthen the distribution network.
Anton Perdices, executive chairman of the AboitizPower Distribution Group, highlighted the longstanding partnership between the Aboitiz Group and SBMA and reaffirmed SEZ’s commitment to supporting the freeport’s development.
SEZ has managed the Subic Bay power distribution system under RA 7227 (Bases Conversion and Development Act of 1992).
The renewed partnership is intended to provide a stable power supply for businesses operating in the freeport while preparing its distribution network for future industrial and commercial requirements.
The launch concluded with a ceremonial toast and exchange of tokens among representatives of SBMA, SEZ, AboitizPower and Aboitiz Equity Ventures, marking their commitment to continued cooperation in developing Subic Bay as an investment and economic hub.
