RASLAG proudly welcomes our new Chief Strategy Officer, Reyland Benjamin Nepomuceno.

He graduated with a Master’s degree in Business Administration from University of Western Australia and AB Interdisciplinary Studies from Ateneo de Manila University.

With more than 25 years of experience gained from the Power Industry, Telco, IT, BPO, ISO Certification Body and one of the Big Four Consulting Firms in the world, we’re confident that Reyland’s leadership will help in lighting the future with renewables and achieve our 1,000 MWp renewable energy capacity target by 2035.

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For the Zoom meeting link, please click here: Pre-Bidding Conference Meeting or you may join by the Zoom Meeting ID: 948 6471 0372 with the Passcode: 521235

Meeting Schedule: August 08, 2024
Meeting Time: 10:00AM

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For more information regarding this matter, please click here: Bidding Forms and Materials or contact Engr. Angelo Usi (+63 908 814 7476) for offers.

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This is a special video of RASLAG for the Annual Stockholder’s Meeting for year 2023.

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Access the full Order and Notice of Virtual Hearing: Order and Notice of Virtual Hearing Documents

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Her appointment at Raslag Corp. aligns with the company’s strategic goal to enhance and fortify its commitment to Good Governance. Ms. Tiongson’s addition is valuable to the already strong and dynamic Raslag Board, contributing not only to gender diversity but also bringing a diverse skill set to the team. Her extensive experience in local and international banking and investments, coupled with her involvement in financial technology, as well as her background as a business lecturer and strategy advisor, is expected to be a significant asset, not only to the Board but also to the company as a whole.

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The fourth venture of RASLAG Corporation (RASLAG IV), which is located on a 25.2-hectare (251,750 sqm.) plot of land in Barangay San Pablo (Talimundoc), Magalang, Pampanga, is set to boost RASLAG’s current energy portfolio by 36.646 MWp, inching closer to the company’s 250 MWp pipeline and is expected to begin its commercial operations by the first quarter of 2024.

RASLAG IV’s construction will also pave the way to job opportunities for local employment that align with the company’s initiative to promote and make a positive impact to the environment.

The solar plant construction is estimated to be completed this December 2023 prior to its testing and commissioning on the first quarter of 2024.

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Lighting the future with renewables, we are RASLAG Corporation.

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Raslag 3 was energized on July 8, 2022, and prompted the start of its testing and commissioning. This milestone commenced immediately after the receipt of Provisional Approval to Connect to energize as a Generator from the National Grid Corporation of the Philippines (NGCP).

With the success of the energization, the said plant is now connected to the 69 kilo-Volt Transmission asset of NGCP that bridges the generated electricity produced from the panels. Even in its Testing and Commissioning stage, Raslag’s third venture solar project is being compensated as a price taker in the Wholesale Electricity Spot Market for its produced electricity.

This 18.011MWp added capacity doubles the current portfolio of the Company to 41.198MWp. With the anticipated full commercial operations of Raslag 3, the Company expects a 13.5 GWh sale with P71.7 million in revenue for the rest of the year, and P142.9 million in revenue in 2023. This is all assuming a WESM Settlement Price of P5.30/kWh.

The assumed revenues may go higher given that the actual average WESM prices are on an upward trend this year as shown by the table below:

Given the national government’s call to increase the renewable energy target of 35% and reduce harmful gas emissions by 75% by 2030, the Company participates to help achieve a clean and sustainable future that will supply an equivalent of 16,200 residential customers and stay intently true with our vision of lighting up the future with renewables.

Sources:

https://www.philstar.com/business/2022/07/12/2194666/raslag-expects-p215-million-income-power-plant

https://edge.pse.com.ph/mobile/com.pse.ctrl.company.krx?method=openDiscViewer&edge_no=0f7555ee6dc805453470cea4b051ca8f&odisy_yn=0

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The IPO raised ₱700 Million that will be used to fund the equity portion of RASLAG-4’s development and construction and the pre-development works for RASLAG-5, and other general corporate purposes.

ASLAG President, Chairman and CEO Peter G. Nepomuceno said: “Throughout our history, the Nepomuceno Group has been guided by my parents’ motto, “Do it well or not at all.” It is this simple but timeless principle that motivates us in Raslag Corp. as we aim to become a major renewable energy player in the country.”

Mr. Nepomuceno also expressed pride in the company’s fundamentals and its future and stated that ASLAG has a clear strategy to achieve a 10-fold growth of its current solar portfolio in the next ten years of 250MW. With the third venture ready for energization, it would nearly double RASLAG’s generation capacity.

According to Mr. Monzon, “The listing of Raslag will grow the portfolio of companies in the Renewable Energy space in our stock market.  As an advocate of sustainability, being a member of the Sustainable Stock Exchanges Initiative, the PSE understands the crucial need for renewables in the fight against climate change. I am pleased that through this IPO, the PSE was able to support Raslag’s capital-raising activity”.

As Mr. Monzon cited, the LSE tranche of ASLAG was oversubscribed by 1.5 times.  ASLAG IPO hit the market with the first of its trades coming through at ₱2.48/share which represented a 24% gain over the offer price of ₱2.00/share with ₱128 Million traded in the first five minutes. The day trade ended in a finish of ₱2.05/share

Sources:

https://corporate.pse.com.ph/raslag-corp-holds-maiden-share-listing/

https://www.philstar.com/business/stock-commentary/2022/06/07/2186656/raslag-ipo-started-wild-ended-mild

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