MANILA -- AboitizPower Corp. will provide energy services for Light Industry & Science Park (LISP) IV in Malvar, Batangas, one of the latest economic zone projects of Science Park of the Philippines, Inc. (SPPI).

In the 25-year service agreement between AboitizPower and SPPI, the former’s distribution utility Malvar Enerzone Corp., will manage the construction, installation, operation, and maintenance of the power distribution of the ecozone.

“This new partnership underscores AboitizPower and SPPI’s efforts to provide Filipinos and foreign partners with excellent business support and services that are adherent to global standards,” AboitizPower Distribution Business Group Executive Vice President and Chief Operating Officer Jaime Jose Aboitiz said.

AboitizPower said it will have two 50-megawatt transformers inside the LISP IV to provide reliable and quality power to locators, which are mostly from manufacturers and exporters.

“Economic zones, through their products and services, are major drivers of our economy. They provide thousands of Filipinos with gainful employment. We are happy to support these zones and their locators through reliable, dependable and efficient power, so they can continue to contribute to the growth of the economy, our people, and the country,” added Aboitiz.

LISP IV is a 212-hectare industrial estate project of SPPI. The ecozone is part of its mixed-use property development Malvar Cybergreen.

SPPI intends to keep 35 percent of the original landscape of Malvar Cybergreen to preserve the natural ecosystem in the area.

“With our goal to make LISP IV another world-class and sustainable industrial estate similar to our other developments, we saw the need for a partner who shares our commitment to quality, innovation, and sustainability,” said SPPI President Richard Albert Osmond.

AboitizPower’s EnerZone Group has been providing power services to various ecozones in the country particularly in Mactan, Balamban, Subic, and Lipa. (PNA)