Manila Electric Co., the biggest electricity retailer, filed with the Energy Regulatory Commission joint applications seeking approval of the power supply agreements with Millenium Energy Inc. and Aboitiz Power Corp. subsidiary Therma Mobile Inc.
Meralco disclosed to the Philippine Stock Exchange it signed and applied for approval of the agreement with Millennium for the purchase of 70 megawatts of electric power, subject to a net dependable capacity test from April 26 until June 25 from the 100 MW Gas-Turbine Power Plant in Navotas Fishport Complex, Navotas City.
Meralco also agreed to purchase up to 200 MW, subject to restatement based on the results of capacity test, from April 26 to April 25, 2020, from the 242 MW-installed capacity, barge-mounted, bunker-fired diesel power generating and interconnection facilities in Navotas City.
Meralco said it also received exemption from the requirement for competitive selection process from the Department of Energy.