Meralco rejects ACEN's P2.5-billion claim for supply agreements
ACEN Corp. wants to recover about P2.5 billion to offset soaring coal and fuel prices, according to the Manila Electric Co. (Meralco). The Meralco and ACEN have existing power supply agreements (PSAs) involving 110 megawatts (MW) of mid-merit capacity and 200MW of baseload capacity. The Meralco said it received Change…
Source: businessmirror.com.ph