2023-01-26 03:35:37

30-day power deal of Aboitiz, Meralco ends

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Inquirer.net
By Jordeene B Lagare

The interim power supply agreement between the Aboitiz Group and the Manila Electric Co. (Meralco) ended on Wednesday, forcing the power distributor to source additional electricity elsewhere at even higher prices.

We confirm the end of our 30-day emergency power supply agreement (Epsa) with Meralco takes effect today, Jan 25, 2023, Aboitiz Power Corp. said in a statement.

AboitizPower signified its interest in sealing a longer supply contract with Meralco in the future.

In the event that Meralco launches another competitive selection process, where the terms of reference will be reasonable, AboitizPower will certainly participate, it added.

The Epsa between Meralco and GNPower Dinginin Ltd. forged last Dec. 15, 2022 covered 300 megawatts (MW) of baseload capacity or the minimum power injected into the grid.

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