Manila Electric Co. is looking towards a regulatory approval to source 3,551 megawatts of its power requirements from seven companies. This includes two under its own power generation subsidiary. Alfredo S. Panlilio, Meralco’s senior VP, realed that the power supply agreements are being based on long-term load projections.
“In keeping with Meralco’s mandate to source electricity in the least cost manner and to ensure reliability and affordability of supply for all our customers, especially in light of the expected continuous increase in demand and number of customers, coupled with the impending expiration of Meralco’s existing PSAs from 2019 to 2020, there is a pressing need for Meralco to source additional capacity through bilateral power supply contracts.” said Mr. Panlilio.
