Advertise your business here! 🚀

Contact us now and get more customers.

Smiling woman thumbs up

Mindanao Container Terminal Increases Renewable Energy Utilization

port-and-ship
Feb 26, 2025
Article Source LogoBunker Port News Worldwide
Bunker Port News Worldwide

Mindanao Container Terminal (MCT), International Container Terminal Services Inc.’s (ICTSI) business unit at the Port of Cagayan de Oro in the Philippines, recently started operating exclusively on solar power during daylight hours.

MCT started sourcing solar power on 14 February under a retail supply contract with PrimeRES Energy Corporation within the Philippine energy department’s Retail Competition and Open Access (RCOA) framework. MCT will use solar power generated by PrimeRES’es solar power supply during daylight hours. At night, the terminal will draw power from PrimeRES’es supply portfolio including the Wholesale Electricity Spot Market (WESM), ensuring 24/7 energy supply. This hybrid solution maximizes the use of renewable energy while maintaining operational stability.

“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,” says 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 is a retail electricity supplier, which focuses on transformative investments and partnerships with private distribution utilities and electric cooperatives. Licensed by the Philippine Energy Regulatory Commission, PrimeRES supplies power to contestable customers, with electricity sourced from Prime Infra’s renewable energy (RE) portfolio and third-party suppliers.

“This partnership with MCT exemplifies our commitment to delivering affordable and reliable power solutions tailored to meet diverse needs,” says Daniel O. Arago, PrimeRES Energy Corporation chief operating officer. “We appreciate MCT’s trust and shared vision of providing consumers with environmentally friendly energy solutions at competitive costs.”

Switching 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 its long-term plan to enhance capacity and efficiency, MCT will invest more than $100 million in infrastructure upgrades. The investment includes a 300-meter berth extension and the acquisition of new equipment to support projected cargo volume growth. Once completed, these upgrades are expected to increase the terminal’s annual capacity beyond its current 350,000 twenty-foot equivalent units (TEUs). The berth extension will accommodate larger vessels and support new service routes, improving connectivity for Mindanao’s importers and exporters. The expansion aligns with government efforts to attract more investment and business activity to the region.

Source: ICTSI

Share Your Insights!

Publish your articles, reach a global audience, and make an impact.

4
Recent Comments
JD

Related News You might want to check out

Corpus Christi Port Completes $625 Million Ship Channel Expansion
Marine Insight
Corpus Christi Port Completes $625 Million Ship Channel Expansion
port-and-ship
04 June 2025
Dp World Launches $2.5 Billion Global Port Infrastructure Expansion Across India, Africa, Europe, And South America
Maritime Standard
Dp World Launches $2.5 Billion Global Port Infrastructure Expansion Across India, Africa, Europe, And South America
port-and-ship
02 June 2025
Ukraine Needs 500 Million Euros To Rebuild Critical Port Facilities Damaged By Russia
gCaptain
Ukraine Needs 500 Million Euros To Rebuild Critical Port Facilities Damaged By Russia
port-and-ship
31 May 2025
Totalenergies Sells Nigeria Oilfield Stake To Shell For $510 Million
Bunker Port News Worldwide
Totalenergies Sells Nigeria Oilfield Stake To Shell For $510 Million
port-and-ship
30 May 2025
Seaco Sold In $1.75 Billion Deal
Shipping Telegraph
Seaco Sold In $1.75 Billion Deal
port-and-ship
29 May 2025
Epropulsion Powers France’S First 40-Meter Fully Electric Catering Cruise Ship On The Seine
Bunker Port News Worldwide
Epropulsion Powers France’S First 40-Meter Fully Electric Catering Cruise Ship On The Seine
port-and-ship
29 May 2025
Cma Cgm Seals $600M Deal For Vietnam’S New Terminal Project
Shipping Telegraph
Cma Cgm Seals $600M Deal For Vietnam’S New Terminal Project
port-and-ship
27 May 2025
Cma Cgm Agrees To A $600 Million Box Terminal In Vietnam
Maritime Gateway
Cma Cgm Agrees To A $600 Million Box Terminal In Vietnam
port-and-ship
27 May 2025
Cma Cgm, Saigon Newport Partner On $600M Deep-Sea Terminal
Port Technology International
Cma Cgm, Saigon Newport Partner On $600M Deep-Sea Terminal
port-and-ship
27 May 2025
Guinea Bauxite Sockpile Nears 2 Million Tons As Export Suspension Continues
Marine Link
Guinea Bauxite Sockpile Nears 2 Million Tons As Export Suspension Continues
port-and-ship
27 May 2025
Cma Cgm Invests $600 Million In New Vietnam Terminal As Trade Surges
gCaptain
Cma Cgm Invests $600 Million In New Vietnam Terminal As Trade Surges
port-and-ship
27 May 2025
Guinea Bauxite Sockpile Nears 2 Million Tons As Export...
Maritime Logistics Professional
Guinea Bauxite Sockpile Nears 2 Million Tons As Export...
port-and-ship
27 May 2025
Cma Cgm Signs $600M Vietnam Box Terminal Deal
Splash247
Cma Cgm Signs $600M Vietnam Box Terminal Deal
port-and-ship
26 May 2025
Brazil Approves Msc’S Acquisition Of Wilson Sons, Paving The Way For $1.35 Billion Deal
Container News
Brazil Approves Msc’S Acquisition Of Wilson Sons, Paving The Way For $1.35 Billion Deal
port-and-ship
23 May 2025
Houston Ship Channel Receives $131M For Upgrades And Upkeep
Port Technology International
Houston Ship Channel Receives $131M For Upgrades And Upkeep
port-and-ship
23 May 2025
India Launches A $10 Billion Plan For Its Tanker Fleet To Increase Shipbuilding
Maritime Gateway
India Launches A $10 Billion Plan For Its Tanker Fleet To Increase Shipbuilding
port-and-ship
21 May 2025
Pil Reports Net Earnings Of $1.34 Billion For Fy2024
Port Technology International
Pil Reports Net Earnings Of $1.34 Billion For Fy2024
port-and-ship
21 May 2025
Saudi Arabia Accelerates Maritime Logistics Power Play Amid $600 Billion Us Investment Deal And Syria Reintegration
Container News
Saudi Arabia Accelerates Maritime Logistics Power Play Amid $600 Billion Us Investment Deal And Syria Reintegration
port-and-ship
21 May 2025
Klaipėda Port To Pioneer Lithuania’S First Private 5G Standalone Network
Hellenic Shipping News
Klaipėda Port To Pioneer Lithuania’S First Private 5G Standalone Network
port-and-ship
20 May 2025
Zim Reports First Quarter Net Income Of $296 Million
Hellenic Shipping News
Zim Reports First Quarter Net Income Of $296 Million
port-and-ship
20 May 2025