8 months Meralco eyes Thai firm partner for Atimonan project MB |Biz
By Myrna M. Velasco The final choice on Manila Electric Company’s (Meralco) prospective partner for the 1,200-megawatt Atimonan coal-fired power project is a Thai company, with the Southeast Asian energy player dislodging the two other suitors of Meralco for that particular venture. Executives of Meralco previously admitted that they have already pre-selected a strategic foreign partner, but signing of a definitive partnership agreement will only come when the project’s power supply agreement (PSA) finally secures regulatory nod. They also noted that the foreign partner will be formally named and announced when all regulatory approvals and corresponding project preparatory works ... more