Published:
Meralco inks 7 year coal supply deal
Semirara Mining Corp has signed a seven-year deal to sell up to a 410-megawatt power capacity to Meralco.
The deal involves an initial contracted capacity of 210 megawatts which can be increased by 200 MW.
The two parties could extend the deal by three years, Semirara told the stock exchange without disclosing any financial details.
Meralco is looking to build power plants with a total capacity of 1,500 megawatts over the next four years to meet an expected increase in power demand.
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