Filinvest embarks on cutting CO2 emissions

PDDC will provide a chilled water plant within the 52-storey PBCom Tower.

The Filinvest Group is looking at reducing its carbon emission footprint and cut its power consumption on annual basis.

In a statement over the weekend, the group said Filinvest Land Inc. and ENGIE Services Philippines’ joint venture project The Philippine DCS Development Corp. (PDDC) signed a 10-year contract with Filinvest Asia Corp. (FAC) and the Philippine Bank of Communications to provide an energy-efficient solution for the PBCom Tower at the Ayala Center in Makati City.

Under the agreement, PDDC will provide a chilled water plant within the 52-storey PBCom Tower through the build-own-operate-transfer (BOOT) model, where PDDC will design, finance, rehabilitate, construct, install, operate and maintain a new and efficient chilled water plant that will provide energy savings to the tower.

The BOOT system transfers the ownership of the chilled water plant to FAC and PBCom at the end of the concession agreement.

The group said the plan was in line with plans to reduce power consumption by around 4,103-megawatt hour (MWh) or equivalent to 2,429 tons of carbon dioxide emissions.

“PDDC through ENGIE, the global energy leader committed to reducing carbon emissions worldwide, will work with PBCom Tower and its locators towards achieving their sustainability objectives with our teams of experts in the field of energy and green technologies,” ENGIE Southeast Asia chief executive officer Pierre Cheyron said.