Prime Infra subsidiary gets ERC license to sell electricity

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Prime Infra subsidiary gets ERC license to sell electricity
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PrimeRES Energy Corp., a wholly-owned subsidiary of Prime Infrastructure Capital Inc. of businessman Enrique Razon Jr. received a retail electricity supplier license from the Energy Regulatory Commission .

PrimeRES obtained its license after complying with the technical, financial, and administrative requisites which proves its competence to operate and sell electricity to end-users under the RCOA. PrimeRES aims to diversify Prime Infra’s customer base from distribution utilities, electric cooperatives and the wholesale electricity spot market , to an optimal retail customer demand portfolio mix.

Prime Infra through PrimeRES also aims to support the electricity needs of other companies within the Razon Group with businesses in the areas of utilities, ports, construction, hospitality and consumer services.

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