By Jessica M. Bacud Posted on Oct. 15, 2012 at 12:00am
SN Aboitiz Power-Magat signed a Power Supply Agreement with Ifugao Electric Cooperative, Isabela II Electric Cooperative and Quirino Electric Cooperative recently in Makati City.
The contracts stipulate time-of-use rates and sourcing 30 megawatts from Magat Hydroelectric Power Plant subject to approval of the Energy Regulatory Commission.
SNAP-Magat president and chief executive Emmanuel Rubio and vice president for Marketing, Trading and Commercial Operations Ralph Crisologo were joined in the signing by IFELCO general manager Jaime Pe Benito Jr. and president Antonio Padduyao; ISELCO II general manager David Siquian and president Walfrido Binag; and QUIRELCO general manager Jimmy Tumacder and chairman Plaridel Uao. source
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