By
Lenie Lectura - April 23, 2019
ABOITIZ Power Corp.
subsidiary Therma Mobile Inc. (TMI) announced on Monday that it signed a deal
to supply 20 megawatts (MW) of power to Manila Electric Co.
(Meralco).
The newly
signed power-supply agreement (PSA) will help the Luzon grid in its
much-needed additional capacity.
“This contract is a
timely response of both AboitizPower and Meralco to the call of government for
stable and reliable power going into the midterm elections and beyond,”
AboitizPower Oil Business Unit President and COO Celso C. Caballero III said.
TMO will source power
from its four floating power barges moored in Navotas. The barges have a
combined gross capacity of 242 MW. The facility went into preservation mode on
February 5, as well as voluntarily disconnected from the grid and de-registered
from the energy market.
It is currently
expected to be registered again with the Independent Electricity Market
Operator of the Philippines Inc. (IEMOP) on April 22, and delivery of power to
Meralco will commence on April 26, 2019. The oil-fired barges in Navotas are
considered ideal for providing peaking supply and ancillary services with its
operational flexibility and the ability to start up quickly to respond to the
needs of the grid.
The Oil Business Unit
of AboitizPower operates five oil-fired power facilities in Luzon, the Visayas
and Mindanao.
Aboitiz Power has a balanced
mix portfolio of coal, oil, geothermal, hydro and solar-power plants
nationwide.
No comments:
Post a Comment