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

2003

PowerSource Philippines, Inc. (PSPI) was founded.

2007

PSPI becomes the first Qualified Third-Party operator of microgrids, distributing 5.45 MW of power to off-grid communities across seven sites.

2017

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).

2018

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.

2021

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

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 First 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.

Jon has over 20 years of training and exposure in the fields of Legal, Compliance, Project Management, Bus. Dev’t/Marketing, Finance/Accounting, and Corporate Social Responsibility (CSR) from both public and private sectors.

Prior to PowerSource, he was involved in various greenfield projects from concept, land acquisition, permitting and licenses, project financing, marketing up to commercial operations.

Jon is a Certified Public Accountant (CPA) and a graduate of BS Accountancy – Cum Laude and Bachelor of Laws both from Pamantasan ng Lungsod ng Maynila (PLM).

Ferdinand Abiog-Pontillas is an alumnus of the University of the Philippines – Diliman with a Bachelor’s Degree in Electrical Engineering.

He has more than 20 years of experience in Electric Utilities, Financial Services and the Academe. He is a Power Systems Engineer with background on support and management of IT services.

He had a total of eight (8) years of experience in the academe, two (2) years at the Electrical and Electronics Engineering Department in University of the Philippines – Diliman and the rest at Palawan State University.

Prior to his stint in a local distribution utility, he worked in Accenture – Manila Delivery Center for three (3) years as systems analyst, providing technical support for Java-based and Oracle-based applications of a US-based credit card company.

He spent 11 years in Palawan Electric Cooperative where he was the OIC General Manager when he resigned in 2021. His early years in PALECO were spent in establishing the IT capabilities of the cooperative. His later years in the organization were spent redefining the corporate business strategies and running the business.

He is currently the General Manager of PowerSource Philippines, Inc. (PSPI), a Makati-based qualified third party (QTP) company that generates and distributes electricity in seven (7) sites in the country. At the same time, he manages the Business Development arm of the company aimed to grow the company’s Renewable Energy portfolio.

Leo Veroy is a seasoned IT Executive with more than 30 years in IT Management experience covering BPO/KPO, Consulting, Energy, Electronics and Telecommunications industries. Proven experience in leveraging technologies to optimize operational efficiency and reducing costs. Significant experience in setting up off-shore offices.

Prior to joining PowerSource, he was the Country Manager and GM of New York Stock Exchange – Philippines

Leo holds a Bachelors Degree in Computer Science and has certifications in ITIL OSA, ITIL RCV as well as CCASP and CTSP.