Mindanao Container Terminal transitions to solar power

Mindanao Container Terminal (MCT), operated by International Container

operating exclusively on solar power during daylight hours.

Since 14 February, MCT has been using solar energy supplied by

PrimeRES Energy Corporation under a retail supply contract within the

Philippine energy department’s Retail Competition and Open Access (RCOA)

framework.

During daylight hours, the terminal is powered by solar

energy, while at night, it draws electricity from PrimeRES’ broader

supply portfolio, including the Wholesale Electricity Spot Market (WESM).

This hybrid reportedly system ensures a consistent power supply while

maximising the use of renewable energy.

“The Mindanao Container Terminal is a key gateway for the region, and

reducing carbon emissions from our operations aligns with

ICTSI’s broader environmental objectives,” said Aurelio C. Garcia, MCT President

and General Manager.

“This shift to solar power reflects our commitment to sustainability and

demonstrates the steps we are taking to lower emissions.”

PrimeRES Energy Corporation, a licensed retail electricity supplier,

partners with private distribution utilities and electric cooperatives to

provide power to contestable customers.

The company sources electricity from Prime Infra’s renewable energy

portfolio and third-party suppliers.

“This partnership with MCT exemplifies our commitment to delivering

affordable and reliable power solutions tailored to meet diverse

needs,” said Daniel O. Arago, PrimeRES Energy Corporation’s COO.

“We appreciate MCT’s trust and shared vision of providing consumers with

environmentally friendly energy solutions at competitive costs.”

In addition to environmental benefits, the switch to PrimeRES is expected

to provide MCT with competitive electricity rates and potential cost

savings.

ICTSI, through its subsidiary Mindanao International Container Terminal

Services Inc. (MICTSI), recently secured a 25-year extension to operate

and manage MCT.

As part of a long-term investment strategy, more than $100 million will be

allocated to infrastructure upgrades. These include a 300-metre berth extension

and the acquisition of new equipment to accommodate increasing cargo

volumes.

Once completed, the upgrades will expand MCT’s annual capacity

beyond its current 350,000 TEUs and enable the terminal to handle

larger vessels.

In the first nine months of 2024, ICTSI released unaudited consolidated

financial results amounting to revenue from port operations of $2.01

billion.