It said the objective of the power supply agreements was to ensure adequate and reliable power supply at the least cost to Meralco’s more than six million customers. Meralco signed 3,551 megawatts of power supply agreements with seven power generators, capturing 81 percent of the 4,384-MW combined capacity of their power projects in April 2016. “But out of these 90 PSAs, it is only the seven Meralco PSAs that curiously had been specifically singled out and questioned by certain interest groups. Meralco signed up a power supply agreement with Atimonan One Energy Inc. which will use ultra supercritical technology, already available in countries like the US, China, Japan and Germany. Meralco officials said around 2,355 MW of existing power supply agreements would expire by 2019 thus a need to secure replace these capacities and provide for additional future power requirements.

Source: The Standard July 04, 2017 12:33 UTC