Philippine Electric Cooperatives Seal Long-Term Power Deals with Tycoon-Led Firms
Business

Philippine Electric Cooperatives Seal Long-Term Power Deals with Tycoon-Led Firms

Twenty-nine electric cooperatives (ECs) in the Philippines have signed 15-year power supply agreements (PSAs) with companies led by three major business magnates. This secures a stable supply of 565.5 megawatts for Luzon and the Visayas, expected to reduce the risk of power interruptions for millions of households.

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