Distribution utility to buy power from Tiwi and Makban geothermal plants
Under the newly signed agreement, Aboitiz will supply at least 10 MW to More Power from their Makban and Tiwi geothermal facilities.
A power supply agreement has been signed between More Electric and Power Corp. and Aboitiz Power Corp. Under the agreement, Aboitiz will supply 10 MW, with an option for an additional 5 MW, to More Power, a new distribution utility in Iloilo City. Aboitiz Power through AP Renewables is currently operating the Tiwi and MakBan geothermal powerplants in Albay and the Laguna-Batangas regions.
The one-year interim power supply agreement was signed by More Power president and COO Roel Castro and AP Renewables Inc. president and COO Alexander Coo.
More Power was granted a 25-year power distribution franchise in Iloilo City allowing them to avail of emergency power supply via negotiated procurement. In addition to Aboitiz Power, More Power also signed a power supply agreement with Kepco SPC Power Corp. for 5 MW.
Source: Manila Standard