Danessa Rivera (The Philippine Star)
- May 25, 2019 - 12:00am
MANILA, Philippines — Aboitiz Power
Corp. will start providing Iloilo City with clean energy supply once the new
power distributor operates.
AboitizPower and MORE Electric and
Power Corp. have signed an interim power supply agreement (IPSA) for 10
megawatts of clean and renewable energy from the Aboitiz group’s Cleanergy
brand.
The IPSA will run for one year and
provides an option to add five MW.
Under the deal, the energy will be
supplied by AP Renewables Inc., which operates the Tiwi and MakBan geothermal
power plants, located in Albay and the provinces of Laguna and Batangas,
respectively.
“Our partnership with AP Renewables
Inc. is a testament to MORE Power’s corporate direction to go beyond and above
compliance with what is required in the Renewable Energy Act by advocating
renewable energy and eventually increasing its power supply from renewable
sources,” MORE Power president and chief operating officer Roel Castro said.
Meanwhile, APRI president and chief
operating officer Alexander Coo said AboitizPower’s portfolio of power plants
all over the country makes it an ideal partner for MORE Power and the people of
Iloilo City.
“Geothermal power is definitely
unique because it is renewable energy yet it can be baseload – meaning, it
delivers power 24/7. For a growing metropolis like Iloilo City, this makes
perfect sense. We are definitely excited to be partners with MORE Power and
even more excited to be part of the growth of Iloilo City,” he said.
In February this year, President
Duterte signed Republic Act 11212, granting MORE Power a 25-year power
distribution franchise in Iloilo City.
MORE Power is allowed to avail itself
of the negotiated procurement of emergency power supply under the competitive
selection process policy of the Department of Energy as long as the emergency
power supply contract shall only be for one year and the rates must not be
higher than the latest Energy Regulatory Commission-approved generation tariff
for the same or similar technologies in the area.
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