Manila Standard Today
By Alena Mae S. Flores | Jun. 04, 2014 at 12:01am
Power distributor Manila Electric Co. asked the Energy Regulatory Commission to approve three new power supply agreements that aim to ensure adequate power in its franchise area.
Meralco filed three applications involving supply agreements with Philippine Power and Development Co., Montalban Methane Power Corp. and San Buenaventura Power Ltd. Co., a company majority controlled by unit Meralco PowerGen Corp.
Meralco said in support of the development of renewable energy, it executed a supply agreement with Philippine Power for the purchase of hydroelectric power of up to 1.051 megawatts for a five-year period.
Philippine Power owns and operates three run-of-river hydro power plants in Laguna. Meralco said Philippine Power’s contract price of P5.0056 per kilowatt-hour would result in the savings in the blended generation rate of about P1.3298 per kWh.
Meralco also asked for the approval of a power supply agreement with San Buenaventura for the purchase of the entire 455-megawatt capacity of the plant in Mauban, Quezon. The agreement is good for 20 years, from the start of the commercial operations of the plant. source
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