On Gold Star Daily: Italpinas plan cited among Asia’s top nexgen clean energy projects

A new project by the designers and developers of Cagayan de Oro City’s first eco-friendly building has been cited as one of the top 10 clean energy projects that could reduce greenhouse gas emissions across Asia annually by nearly 1.1 million tons.

Italpinas Euroasian Design and Eco-Development Corporation’s new project was among those presented to investors at the CTI-PFAN Asia Forum for Clean Energy Financing (AFCEF-3) held February 22 at Singapore.

“We are very happy to be recognized among Asia’s elite clean energy projects for the next generation,” said Architect Romolo Valentino Nati, Italpinas chairman and chief executive officer, upon receiving the citation for Italpinas new project which officially finished fourth in the final ranking.

Over 100 financiers, clean energy experts and representatives of financial institutions from across Asia and overseas participated in the Forum. The meeting was organized by the Climate Technology Initiative’s Private Financing Advisory Network (CTI PFAN), a global multilateral initiative dedicated to connecting clean energy businesses with financing and “bridging the gap” between clean energy project developers and investors.

 

Read the full article here.

Featured by Gold Star Daily, 12 March 2013

On Business World: Cagayan de Oro Development gets ‘green’ loan

Italpinas EuroAsian Design and Eco-Development Corp. has received a P180 million “green” development loan to partially finance the construction of its Primavera Residences Tower 2.

The loan agreement was signed in January by Romolo V. Nati, chairman and Jose D. Leviste III, president, on behalf of Italpinas and by Alfonso L. Salcedo, Jr., executive vice-president, and Mario B. Palau, senior vice-president for the Banks of the Philippine Islands (BPI).

Sustainability

“BPI advances its sustainable energy finance by continuing to support the energy[-efficiency] investments of its clients,” the bank said in a recent statement.

“In collaboration with International Finance Corp., the four year old innovative financing approach fund various efficient and renewable technologies all over the country,” it added, referring to the World Bank Group’s private sector investment arm.

BPI is the country’s third biggest universal bank in terms of assets, with over 809 branches and 2,542 automated teller machines nationwide, according to the statement.

‘Promising’

Italpinas’ business plan for Primavera Residences, on the other hand, was cited as one of the promising “clean” energy investment opportunities in the Philippines during the Philippine Clean Energy Investor Forum held at the EDSA Shangri-La Hotel in Metro Manila in 2010.

This year, the Private Financing Advisory Network (PFAN) – a public-private partnership initiated by the Climate Technology Initiative (CTI), has cited Primavera Residence’s eco friendly design.

CTI-PFAN cited Italpinas’ new project as the only finalist from the Philippines for this year’s selection of 38 eco-friendly projects across Asia.

Primavera Residences is the first “green” building in Cagayan de Oro City that integrates into its design eco-friendly features such as rooftop solar panels to generate part of the two buildings’ electricity supply and reducing power use by maximizing natural light and wind ventilation.

Located at the Pueblo de Oro Business Park in uptown Cagayan de Oro City within the master-planned 360-hectare Pueblo de Oro Township, Primavera Residences is a P450-million 10-storey twin-tower condominium that was designed by Mr. Nati, an Italian architect, and developed by Italpinas, a corporate member of the Philippine Green Building Council.

The Primavera Residences Tower 2 will provide 167 residential units.

Construction, currently underway, is scheduled for completion by June.

 

-RMDB

Featured by BusinessWorld, 7 March 2013

Italpinas joins U.P. Vanguard Inc. Golf Tournament

ITALPINAS Euro Asian Design and Eco-Development Corporation, owner developer of Primavera Residences participated in the U.P. Vanguard Inc. National Commanders Golf Cup held at the Palmers Course, Forest Hills Golf and Country Club, Antipolo City last March 4, 2013.

To expand the awareness for its pioneering green condominium project and in line with its corporate social responsibility, ITALPINAS showcased its Primavera Residences which is a twin tower green residential condominium located in Cagayan de Oro City. Its banner advertising was prominently displayed at the registration area of the Forest Hills Golf and Country Club house which attracted a lot of interests.

The U.P. Vanguard Inc. is an organization composed mainly of professionals and businessman who have graduated from the rigorous cadet officers training course of the University of the Philippines system.

During the awarding ceremony, Mr. Meliton Salazar, National Commander of the U.P. Vanguard, Inc. thanked the sponsors and the golfers who played representing different organizations such as the Management Association of the Philippines, the military, the Rotary and the U.P. Barkadan. Mr Salazar is currently the Vice President of Manila Bulletin and was a former member of the Monetary Board and Board of Investments. The annual golf event was organized to raise funds to support the development of the students of the University of the Philippines who are taking the citizen military training program in various U.P. campuses nationwide. More than 150 avid golf players played in the tournament.

The golfers fielded by ITALPINAS were led by its Chief Financial Officer, Mr. Harold J. Dacumos and Mr. Albert Pascual, SVP, Bank of the Philippine Island and Mr. Gil Pamaymat, SVP, Banco de Oro.

On Manila Daily News: BPI grants Italpinas loan for green condo tower 2

Atty. Jose D. Leviste III, President and Architect Romolo V. Nati, Chairman and CEO of Italpinas EuroAsian Design and Eco-Development Corp. sign a PhP 180-million Green Development Loan with the Bank of the Philippine Islands (BPI) represented by Mr. Alfonso L. Salcedo, Jr., Executive Vice President and Group Head, Corporate Banking Division and Mr. Mario B. Palou, Senior Vice President. The loan will partially finance construction of Italpinas’ Primavera Residences Tower 2 in Cagayan de Oro City.

The Bank of the Philippine Islands (BPI) recently granted a PhP 180-million green development loan to Italpinas EuroAsian Design and Eco-Development Corporation to partially finance the construction of its Primavera Residences Tower 2.

The Bank of the Philippine Islands (BPI) recently granted a PhP 180-million green development loan to Italpinas EuroAsian Design and Eco-Development Corporation to partially finance the construction of its Primavera Residences Tower 2.

“BPI advances its Sustainable Energy Finance (SEF) by continuing to support the energy investments of its clients,” BPI said in a statement. “In collaboration with International Finance Corporation (IFC), the four-year old innovative financing approach funds various efficient and renewable technologies all over the country.”

The loan agreement was signed last month at the BPI Head Office by Architect Romolo Nati, Chairman and CEO, and Atty. Jose D. Leviste III, President, in behalf of Italpinas and by Mr. Alfonso L. Salcedo, Jr., Executive Vice President and Group Head, Corporate Banking Division and Mr. Mario B. Palou, Senior Vice President for BPI.

BPI is the third ranked universal bank in the country with over 809 branches (inclusive of 105 kiosks and five branches abroad) and 2,542 automated teller machines (ATMs) which together form Expressnet, the largest combined network of branches/kiosk units and ATMs, servicing the largest number of bank customers, including over one million overseas Filipinos.

Read story here.

February 25, 2013, Mindanao Daily News

BPI, Italpinas partner for Eco Development

The Bank of the Philippine Islands (BPI) and Italpinas, EuroAsian Design and Eco-Development Corporation (Italpinas) signed a Memorandum of Agreement to mark its commitment to sustainable options.

Italpinas pursues ecologically-sound buildings by incorporation the use of solar panels, high-efficient air-conditioning system and state-of-the-art design among others.

Its previous endeavor has been recognized by reputable institution as “green and responsible”. Working together for the construction of Primavera Residences Phase 2 in Cagayan de Oro, both parties show “green development” is increasingly being carried out in newer real estate projects.

BPI advances its Sustainable Energy Finance (SEF) by continuing to support the energy investments of its clients. In collaboration with the International Finance Corporation (IFC), the four-year old innovative financing appoach funds various efficient and renewable technologies all over the country

 

Featured by MyBPIOnline, 5 February 2013

‘Green jeepneys’ now ply Cagayan de Oro

THE first ever electric passenger jeepneys in Northern Mindanao are only found in this capital city and regional center.

Environment-friendly and cost-efficient, these e-jeepneys can be found in Mindanao’s benchmark for eco-friendly developments—Pueblo de Oro Business Park—plying as shuttle services in its environs, especially to and from the surrounding subdivisions, mall and universities.

But plans are in the boards to bring the e-jeepneys out of Pueblo de Oro and into the city’s thoroughfares as part of Pueblo de Oro’s campaign for the environment.

The only hindrance to make this a reality is the lack of franchise from the Land Transportation Franchising and Regulatory Board (LTFRB), said Rommel T. Juan, vice president of PhUV Inc., one of Filipino companies that make the e-jeepneys.

Juan told journalists during a press conference, July 5, following the launching of Primavera Residences, the first environment-friendly condominium high-rise in Northern Mindanao, that e-jeepneys are the commuters’ vehicle for the future, which he said is already here in the present.

 

Read more here.

– Bong Fabe

Featured by Business Week Mindanao, 19 July 2011

‘Green’ Project in Cagayan de Oro Eyed

ITALPINAS INC. is putting up the first “green” eco-sustainable building complex in Cagayan de Oro, which is capable of generating part of its own electricity requirements for the buildings’ common spaces.

In a briefing yesterday, Italpinas chief executive Romolo Nati said the building was designed to have energy-saving and energy-generating features as the two buildings will be equipped with solar panels at the rooftop.

Nati said the use of solar panels could help lower the electricity bill that will be charged to tenants for the use of the common areas and facilities such as the gym and hallways, among others.

 

– Amy R. Remo

Featured by the Philippine Inquirer, 23 December 2009