Thursday, April 17, 2025

Meralco subsidiary hikes RE power supply offtake

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MANILA Electric Co. (Meralco) said its local retail electricity supplier unit, MPower, will be adding more renewable energy sources in its supply portfolio.

The company said MPower is the sole offtaker of Nuevo Solar Energy Corp.’s (NSEC) 68 megawatts (MW) solar farm in Currimao, Ilocos Norte.

NSEC is a joint venture between MGen Renewable Energy Inc. and Vena Energy.

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“This new partnership marks an important milestone in our commitment to continue diversifying our supply portfolio by taking in more renewable energy projects, not only to meet the demand of our customers for sustainable energy but also to support the national agenda to transition to clean energy sources,” said Roberto Almazora, MPower head, in a statement.

. -Jed Macapagal

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