30.6 C
Batangas

Therma Mobile signs Power Supply contract with Meralco

Must read

- Advertisement -

AboitizPower subsidiary Therma Mobile, Inc. (TMO) has signed a power supply agreement  (PSA) with  Manila Electric Co. (Meralco).

“This contract is a timely response of both AboitizPower and Meralco to the call of government for stable and reliable power going into the midterm elections and beyond,” AboitizPower Oil Business Unit President and COO Celso C. Caballero III said.

AboitizPower subsidiary Therma Mobile, Inc. (TMO) is back online after signing a Power Supply Agreement with Manila Electric Co. (Meralco). By providing ample and reliable energy supply when needed, the re-entry of TMO into the market is seen to help address the current power situation in Luzon.|

TMO, with four floating power barges moored in Navotas, has a combined gross capacity of 242 MW. The facility went into preservation mode on the 5th of February this year, as well as voluntarily disconnected from the grid and de-registered from the energy market.

It is currently expected to be registered again with the Independent Electricity Market Operator of the Philippines Inc. (IEMOP) on April 22, 2019 and delivery of power to Meralco will commence on April 26, 2019.

The oil-fired barges in Navotas are considered ideal for providing peaking supply and ancillary services with its operational flexibility and the ability to start up quickly to respond to the needs of the grid. TMO will provide Meralco with up to 200 MW of additional power.

The Oil Business Unit of AboitizPower operates five oil-fired power facilities in Luzon, Visayas, and Mindanao.

AboitizPower has a balanced mix portfolio of coal, oil, geothermal, hydro, and solar power plants nationwide.|

- Advertisement -
- Advertisement -

More articles

Hey there SuperFam! Treat the most special man in your life this Father’s day at SM Malls in Batangas. From Jun 14 – 16, SM Malls in Batangas will help you express gratitude, love and appreciation to the main man...
NAGLABAS ng pahayag ang Roxas and Company, Inc. (RCI) ukol sa naganap kamakailan na kilos protesta ng mga Agrarian Reform Beneficiaries (ARB) mula sa Nasugbu, Batangas. Nanawagan ang RCI sa lahat ng mga panig na kalahok sa isyu na igalang...
MALACAÑANG – The Presidential Task Force on Media Security (PTFoMS) strongly denounced the physical attack perpetrated by members of the transport group, ‘MANIBELA” against a member of the press while covering a transport strike staged by the group early...
- Advertisement -

Latest article

- Advertisement -