THE Manila Electric Co. (Meralco) is working to sign more power deals to address its significant peaking-capacity deficit, as well as possible occurrences of scheduled maintenance shutdowns and forced outage of power plants during summer months when demand is at its peak.
Meralco President Oscar S. Reyes said the company will source an additional 300 megawatts (MW) of capacity for the utility firm’s summer requirements.
“We are trying to work out another Ipsa [interim power-supply agreement], about 150 MW to 200 MW for summer. We are talking to others for maybe 100 MW,” Reyes said.
The additional capacity is meant to partly fill up Meralco’s power requirements in the coming months, and possibly for the months of June and July. “Since it’s for summer, we hope approvals will come in, because it’s going to relieve supply or give assurance of supply at very compelling prices,” he said.