Monday, June 6, 2011

Aboitiz subsidiary to power Batangas power distributor

BC/VS, GMA News

The Energy Regulatory Commission (ERC) on Monday approved a three-year power supply contract between AP Renewables Inc. and First Bay Power Corp.

AP Renewables, a unit of the Aboitiz Power Corp., will be sourcing the power for Firs Bay from the Tiwi Geothermal Power Plant in Albay and the Makban Geothermal Power Plants in Laguna and Batangas.

Since acquiring the power plants, AP Renewables has been the assignee of the National Power Corp. (Napocor) contracts which includes First Bay. Two years ago, First Bay asked the ERC to extend the transition supply contract from Oct. 25, 2009 to Jan. 25, 2010.

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