TO help mitigate the impact of a looming energy shortfall next year, Manila Electric Co. (Meralco) has entered into an interim power supply agreement with PanAsia Energy Inc, the electric distribution utility said.
In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Meralco said it signed a deal with PanAsia for the purchase of up to 270 megawatts (MW) of electricity from January 26 to April 25, 2015 and up to 180 MW from April 26 to July 25, 2015.
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