SM Prime and AboitizPower Secure Long-Term Cleanergy Deal

(From left to right) SM Prime Energy Consultant Jaime Patinio, AboitizPower Senior Vice President for Commercial Operations Sandro Aboitiz, SM Engineering, Design and Development President Hans Sy, Jr., SM Prime President Jeffrey Lim, AboitizPower President and Chief Executive Officer Emmanuel Rubio, Aboitiz Renewables, Inc. Vice President for Commercial Strategy, Sales, and Engagement David Aboitiz, AboitizPower Vice President for Retail - Commercial Operations Business Unit James Byron Yu, and SM Prime Chief Finance Officer John Nai Peng Ong gather for a luncheon on Thursday, August 4, after sealing a long-term partnership with the commitment to helping build a cleaner and brighter future.

SM Prime Holdings, Inc. (SM Prime), one of the leading property developers in Southeast Asia, secures a long-term deal with AboitizPower for Cleanergy supply, realizing its goal of increasing its renewable energy portfolio to more than 50%. This is in support of the Department of Energy’s program of moving up the renewable energy supply component of the country to 35% by year 2030.

Under the agreement, AboitizPower is poised to supply reliable and responsibly-sourced energy from Tiwi and MakBan Geothermal Power Plants, and PV Sinag’s Power Plants, operated and managed by AboitizPower subsidiary, Aboitiz Renewables, Inc. (ARI). This long-term contract will power SM Prime properties, including malls, leisure homes, offices, hotels, and other establishments under the Retail Competition and Open Access (RCOA) by the end of 2022.

“This partnership with AboitizPower is aligned with our unwavering commitment to being a catalyst for economic growth and steward of nature. We will continue providing world-class amenities within our sustainable lifestyle cities that have been beneficial and inspirational to millions of Filipinos.” ~Jeffrey Lim, SM Prime Holdings Inc.’s President

SM Prime builds legacy communities based on its core sustainable pillars: Economy, People, Environment, and Community. It is dedicated to generating value sustainably through its diverse business segments.

“AboitizPower is thrilled to be SM Prime’s partner in building sustainable lifestyle cities. We thank SM Prime for trusting us to be their partner in their transition to clean and renewable energy. It is a privilege to be given the opportunity to power various SM Prime properties with our renewable assets.” ~Sandro Aboitiz, Senior Vice President of the Commercial Operations Business Unit

“We consider it a great milestone for our group to be in support of SM’s transition to renewable energy and are working to rapidly expand our renewable portfolio as the demand for Cleanergy grows. We have supported a growing number of corporations transitioning to clean and renewable energy and we are excited at the prospect of seeing a future where Cleanergy is the norm.” ~David Aboitiz, Aboitiz Renewables, Inc. (ARI) Vice President for Commercial Strategy, Sales, and Engagement

The leading renewable energy provider plans to expand its Cleanergy portfolio in the next 10 years to support the government’s plans of boosting the renewable energy industry in the country. AboitizPower is targeting approximately 50:50 Cleanergy and thermal capacity mix by 2030. 

 

                                                                          

About SM Prime

SM Prime Holdings Inc., one of the leading property developers in Southeast Asia, is committed to providing safe and sustainable spaces for its stakeholders.  Its development strategy is anchored on the responsible use of resources. In the communities it serves, it is able to promote resource conservation, environmental protection, and disaster resiliency by implementing solutions for water, waste, and energy management.

 

SM Prime is a key player in the SM Green Movement that aims to improve the quality of life of communities through sustainable solutions to promote a green planet, green living and a green culture.

 

Find out more about SM Prime and the SM Green Movement

UBX launches UrGovPH for LGUs’ digital transformation

“As the Philippines continues on its digital transformation journey, UBX commits to ramp up its support to the government. With a spectrum of open finance solutions, UrGovPH empowers government units and agencies to digitally transform their services and bring them closer to their citizens and stakeholders. It has the daunting task of transforming our government into an agile bureaucracy that is responsive to the needs of the public, provide good and solid data to ensure informed decision-making, as well as allow secure and seamless access to public services. As a critical government partner, UBX’s UrGovPH aids the new administration in ushering the Philippines to a new digital era. With open finance solutions powering e-governance, we believe that we will be on track to meeting our shared goal of including 70 percent of Filipino adults in the country’s financial systems.” ~John Januszczak, UBX President

UrGovPH to assist LGUs in bringing public service closer to the people. UBX, the leading open finance platform in the Philippines, is doubling down on its support to the government with the introduction of UrGovPH - a suite of open finance solutions that enable local governments to digitally transform their services. 

UrGovPH equips local government units (LGUs) and national government agencies with necessary tools that enable them to digitalize public service, supporting the country’s drive of bringing essential services closer to the people.

The initiative aligns with the current administration’s efforts to build a digital Philippines, which will infuse technology and innovation to respond to the needs of the public and improve governance. In harnessing the power of new technology, Filipinos will have safe and seamless access to public services. 

President Ferdinand “Bongbong” Marcos Jr. recently called for a unified approach to develop new technologies to address the growing demand for digital services, especially in government. 

During his first State of the Nation Address (SONA), Marcos said the Department of Information and Communications Technology (DICT) will spearhead initiatives to develop e-governance solutions to bring government services closer to the masses. 

Marcos further instructed government entities to digitalize the “voluminous records stored in the government warehouses and archives” and share them across all departments and agencies for transparency and harmony of processes. 

With the help of UBX, LGUs can actively respond to this call by leveraging UrGovPH’s open finance solutions, such as social services marketplace, financial services, information management, asset management, service management, and identity solutions. 

Powered by the various ventures of UBX, LGUs that partner with UBX for their digital transformation journeys are empowered to automate the workflow for the management of all social services, from local civil registry, to enforcement of ordinance, citizen and business registration, to acceptance of digital payments. 

i2i, UBX’s banking-as-a-service platform, allows citizens to transact with their local governments digitally. Aside from cashless and in-store payment solutions, i2i also allows for carded or non-carded disbursements. It also enables local governments to automate accounting and taxation. 

Customer relations are also set to improve with the help of UrGovPH, as all information assets will be available for different channels. Inquiry management and dispute resolution management are covered by the feature. Likewise, real property, environmental, and business assets will be blockchain-enabled to help ease the control of the listings of real property, environment, and businesses under each LGU. Location-enabled mapping of Real Property Assets will also be available. 

Through UrGovPH, businesses will have easier access to verified and trusted lenders in the Philippines through SeekCap. Entrepreneurs can find and apply for business loans online with UBX’s network of partner lenders, helping small and medium enterprises get the much-needed capital to stay afloat and competitive. 

Moreover, citizen verification will be automated for faster and more efficient delivery of various services. ID verification, liveness check, and pre-filled information from the existing government IDs or connected database will be available. 

LGUs will also have access to various government agencies and private partners of UBX, allowing them to introduce new digital services and further improve governance. 

UrGovPH solutions can be hyper-personalized to the specific needs of the LGUs’ citizens.

UrGovPH supports the national government’s drive to promote ease of doing business, as enshrined under Republic Act No. 11032 of 2018. UrGovPH also complements the Bangko Sentral ng Pilipinas’ (BSP) National Financial Inclusion Strategy and the Digital Transformation Roadmap.

It also strengthens Executive Order No. 170 of 2022 or the Adoption of Digital Payments for Disbursements and Collections and the Electronic Commerce Act or RA No. 8792.