The Manila Electric Co. (Meralco) has secured additional power capacity of up to 270 megawatts for this summer under a supply deal just signed with PanAsia Energy Inc.
A disclosure to the Philippine Stock Exchange on Thursday showed that Meralco entered into an Interim Power Supply Agreement (IPSA) with PanAsia Energy for the purchase of up to a maximum capacity of 270MW on a non-firm basis for the period April to June.
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