Manila Standard Today
by Alena Mae S. Flores
The board of Manila Electric Co., the country’s largest power distributor, approved the signing of a power supply agreement with Therma Luzon Inc., a unit of Aboitiz Power Corp.
Meralco chief operating officer Oscar Reyes said the seven-year power supply agreement involving the delivery of 350 megawatts will be signed shortly.
“We are in the final stages of closing contract. This is for Pagbilao [coal-fired power plant] with Therma Luzon. We are talking of initially 350 MW,” Reyes told reporters.
Aboitiz Power, a publicly-listed holding company that has interests in hydroelectric and coal power plants owns, Thema Luzon, which administers the contracted capacity of the Pagbilao power plant in Pagbilao, Quezon.
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(Published in the Manila Standard Today newspaper on /2012/february/29.)
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