MAKATI CITY — AboitizPower-led Subic EnerZone Corp. has renewed its power distribution partnership with the Subic Bay Metropolitan Authority (SBMA), extending its management of the Subic Bay Freeport Zone’s distribution system for another 25 years.
Subic EnerZone has operated the Freeport’s power distribution system since October 2003.
As of Feb. 28, 2026, it served more than 3,750 customers, including industrial and commercial locators, residential customers, and streetlights. The utility also serves industrial locators under the Retail Electricity Supply program.
At the end of 2025, Subic EnerZone reported system losses of 4.37 percent, below the 5.50 percent ceiling set by the government for private distribution utilities.
“Subic has always been a place of possibility—a Freeport where businesses grow, industries connect, and communities build better lives. As Subic Bay Freeport moves into its next chapter, reliable electricity will remain essential to that progress. It supports the daily work of locators, the services people depend on, and the opportunities that continued investment can bring,” said Anton Mari G. Perdices, chief executive officer for distribution utilities at AboitizPower.
“For AboitizPower Distribution Utilities and Subic EnerZone, this partnership carries a clear responsibility: to plan alongside SBMA, strengthen the systems that serve the Freeport, and prepare for its changing needs. That work calls for practical planning, close coordination, and a long-term view of reliability and growth,” he added.
Jay Navarro, Subic EnerZone’s officer-in-charge president and general manager, said the utility plans to pursue system upgrades and reliability improvements to support SBMA’s vision of a modern, resilient, and future-ready economic hub.
“Looking ahead, we are ready for Subic’s growth. Our demand and capacity forecasts project a steady rise in power needs. With Subic’s position as the Global Gateway of the Luzon Economic Corridor, these forecasts will change significantly, and we are prepared for it,” Navarro said.
At the renewal ceremony, SBMA Chairman and Administrator Engr. Eduardo Jose Aliño outlined the agency’s strategic direction and upcoming development plans. He said reliable energy infrastructure is essential to strengthening investor confidence and sustaining economic growth in the Subic Bay Freeport.
“Today, we renew our commitment to a partnership that has served Subic Bay well—SBMA and Subic EnerZone working together to modernize our infrastructure, keep the power on, and build a more sustainable Freeport,” Aliño said.
“Our contract runs until 2028, but we are not waiting for it to end. We are moving forward with each renewal because the needs of this region keep changing—and a good partnership has to change with them. Our work with Subic EnerZone, which delivers power for the people of Zambales and Bataan, shows that this approach works,” he added.
As of Feb. 28, 2026, AboitizPower held a 99.98 percent equity interest in Subic EnerZone, directly and indirectly through Davao Light.
