Mr. Sahust Pratuknukul, President of Electricity Generating Public Company Limited or EGCO Group said, “On May 20, 2015, the Energy Regulatory Commission of the Philippines released a decision approving the Power Supply Agreement (PSA) to San Buenaventura Power Ltd. Co. (SBPL) which EGCO Group is an indirect investor together with Meralco PowerGen Corporation, in the proportion of 49% and 51%, respectively.

The PSA is for the sale of SBPL’s 455 MW capacity and electrical output to the Manila Electric Company (MERALCO) from a new coal-fired power plant, to be constructed and located in Mauban, Quezon province, the Philippines. The term of the PSA is 20 years from Commercial Operation Date which is expected in the first quarter of 2019.