Aboitiz unit to supply power to Meralco


Posted at Apr 22 2019 12:05 PM

MANILA - AboitizPower said Monday its subsidiary, Therma Mobile Inc, signed a supply agreement with Manila Electric Co.

Therma Mobile will supply up to 200 MW to Meralco. It has 4 floating power barges in Navotas with a combined capacity of 242 MW, AboitizPower told the stock exchange.

Delivery is expected on April 26 after its registration with the Independent Electricity Market Operator of the Philippines on April 22, according to the disclosure.

The oil-fire barges are "ideal" due to their operational flexibility and ability to start up quickly, AboitizPower said.

AboitizPower operates coal, oil geothermal, hydro and solar power plants.