About PowerSource
PowerSource is a sustainable energy solutions platform for the development and operation of renewable and hybrid energy assets, focused on the global trend towards distributed power. We provide innovative green energy solutions to industries, generation companies, and distribution utilities.
PowerSource comes up with customized power supply solutions for industrial plants and distribution utilities, both for distributed applications and on-grid supply. We arrange electricity generation and distribution services to off-grid communities as well as operate and maintain power plants.
PowerSource is a pioneer in Microgrids, hybrid thermal/biomass captive power for industry and non-FFF utility scale solar.
Corporate Vision - Mission
Vision
Electrifying communities and powering industries
Mission
To provide efficient, reliable and eco-friendly power solutions at best value to our customers
History and Milestones
PowerSource Philippines, Inc. (PSPI) was founded.
- PSPI becomes the first Qualified Third-Party operator of microgrids, distributing 5.45 MW of power to off-grid communities across seven sites.
- PowerSource signs a long-tern PSA with MERALCO for the country’s first bilateral unity scale solar plant without Feed-In Tarif.
- PowerSource becomes the first Philippine company to win project management for the first major rehabilitation of a major power plant (600MW).
- PowerSource’s Iligan power plant starts operation as the first embedded hybrid thermal biomass plant (20-MW) in the city.
- PowerSource initiates the first hybrid sustainable platform for off-grid power distribution in Indonesia.
- PowerSource enters the first Filipino international joint venture with an Operations & Maintenance (O&M) company.
- PowerSource opens FIRST Bulacan Solar. Now called BulacanSol, the newly completed 50MW power plant currently provides clean and renewable power to the Lozon grid from San Miguel, Bulacan.
.
Leadership & Board
Senior Management Committee
Ricardo “Ric” G. Lazatin
Group President and CEO
Carlos Rheal “Caloy” B. Cervantes
Group Chief Financial Officer
Mikhail "Tomik" G. Tendero
Group Comptroller
Don Escarro
General Manager (PPEI / PSOSI)
Bartolome “Tommy” B. Mallorca
Director of Business Development
PowerSource’s President has built a career of over 40 years of experience in commercial and investment banking, finance, leasing, credit, and lending.
Ric is also the President of CEOs, Inc., Home Funding, Inc. and Argosy Finance Corp. Additionally, he is the Vice-Chairman of DES Financing Corp. and GSN Land, Inc.
Before PowerSource, he worked at the executive-level for numerous banking and finance institutions.
Ric holds a bachelor’s degree in BS Commerce from the Far Eastern University – Summa Cum Laude and Most Outstanding University Student; MBE from the University of Asia and the Pacific (UA&P).
Carlos has 25 years of experience in the fields of corporate and investment banking, financial management, corporate credit, corporate/retail banking, and financial advisory. He is simultaneously serving as the head of Advisory & COO of Argosy Financial Services Group.
Prior to PowerSource, he was also a former Vice President and Head of Corporate and Investment Banking in Veterans Bank and a Senior Manager in Land Bank.
Caloy holds a bachelor’s degree of BS Agriculture, Production & Management from University of the Philippines – Los Baños and Masters Degree in Finance from AIM.
Tomik has over 7 years of experience in management accounting and financial modeling/analysis.
He is formerly a Customer Accounts Executive in Unilever Philippines (Selecta Ice Cream Business) under its Order-to-Cash Team. Former Part-Time Lecturer (Fixed Income Analysis) in Ateneo de Manila University from 2015 to 2020.
Tomik is a CFA Charterholder with a bachelor’s degree in BS Management Engineering from Ateneo de Manila University.
Don has over 25-years field experience particularly in Plant Operations, Maintenance and Technical Services, both in local and international power business and power plant operations.
Earlier appointments prior to joining PowerSource, he served as SVP/Farm Director for Cardinal Agri Products Inc. (CAPI) and as EVP/COO for Palawan Power Generation, Inc. (PPGI) and Catanduanes Power Generation, Inc. (CPGI); as Power Plant Manager and various Managerial positions for East Asia Power Group of companies, and Power Plant Manager for Wartsila East Africa; and as Training Manager for Amkor/Anam and as Department Chair for Instrumentation Technology at Meralco Foundation Inc.
Don is a Licensed Electronics and Communications Engineer by profession. He graduated from the University of Santo Tomas.
Tommy has spent 25 years in the field of electrical protection and control, with a large portion dedicated to the business growth of electricity and electrical services companies.
His previous affiliations cover a wide range of positions that are all focused on electricity, including; Commercial Business Director of Schneider Electric Philippines, Business Manager of General Electric for Guan, Operations Manager of Asiaphil Manufacturing, Industrial Business Unit Head of Fuji Haya Electric, and Industrial Sales Manager of Beta Electric Corporation.
Tommy holds a bachelor’s degree in BS Electrical Engineering from Far Eastern University.