Manila, Sept. 28 -- The Federation of Philippine Industries (FPI) on Saturday lauded the successful Power Supply Agreements (PSA) signing for contracts to supply Meralco 1,200 MW and 500 MW of capacity effective December 26, 2019.
FPI chairman Jesus L. Arranza praised the signing of the additional contract capacity, saying "FPI welcomes the news of this much-needed additional power, to meet the growing demand of our country. We welcome the entry of any and all generation companies interested in contributing to the grid, in order to create a more secure power supply situation for all industries, and ultimately, all consumers."
The group expressed support for the Department of Energy (DOE) circular that required Distribution Utilities to pr...