Therma Mobile Inc. (TMO), a subsidiary of Aboitiz Power Corp., has signed a power supply agreement with Manila Electric Co. (Meralco).
TMO will provide provide Meralco with up to 200 MW of additional power.
“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,” said AboitizPower oil business unit president and COO Celso C. Caballero III.
TMO, with four floating power barges moored in Navotas, has a combined gross capacity of 242 megawatts. It went into preservation mode on Feb.5 and voluntarily disconnected from the grid and de-registered from the energy market.
The facility is set to be registered again with the Independent Electricity Market Operator of the Philippines Inc. (IEMOP) with delivery of power to Meralco expected to commence on April 26.
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.
AboitizPower operates five oil-fired power facilities in Luzon, Visayas, and Mindanao.
