(Source: World Eye Reports)
The availability of more renewable energy generation sources and the economic growth spurring increased power consumption are key factors driving the need for additional power infrastructure in the Philippine energy industry. First Philec, a total electrical solutions provider, is currently working on strengthening the country's energy distribution network.
"We evolve because of our customer-centricity," said Ariel C. Ong, managing director of First Philec. "This business used to be very product-supply focused, with an emphasis on designing, manufacturing and delivering, but customers today ask for more."
"It's not enough that we provide a product, we must also ensure that all customer pain points are met," he explained. "Every customer is different, so we work with each of them through all stages, and offer a menu of technical, commercial, and ownership options, all geared toward maximizing value for the customer. We guarantee the lowest total cost of ownership for these assets and enhance them further with unparalleled service in the country."
A subsidiary of First Philippine Holdings -- a member of the Lopez Group and one of the country's largest conglomerates with businesses in power generation and distribution, real estate and construction -- First Philec has already captured more than 50% of the local distribution transformer market. It is also the largest Southeast Asian manufacturer of amorphous transformers targeting to supply specific regional markets in the next five years.
First Philec is further bolstering its R&D efforts to expand into other businesses offering complete energy solutions, including smart and micro grids, and energy storage equipment and systems. "We are inviting interested players who are willing to partner with us in technology, manufacturing, and marketing," said Ong. "This is an age of alliances and collaboration. We have a long history of partnerships with Japanese companies and are looking into the area of distribution equipment and energy storage."
"We see great potential in energy management and storage solutions for the Philippines," he concluded, "with its thousands of islands and other areas isolated from the main grid."