First Gen seeks 15-year extension of supply contract for Sta. Rita gas plant - BusinessWorld Online

First Gen seeks 15-year extension of supply contract for Sta. Rita gas plant - BusinessWorld Online

LOPEZ-LED First Gen Corp. is seeking to extend its power purchase agreement (PPA) with Manila Electric Co. (Meralco) to continue supplying electricity from the 1,100-megawatt (MW) Sta. Rita gas plant in Batangas for up to 15 years. First Gen President and Chief Operating Officer Francis Giles B. Puno said the contract for the Sta. Rita gas plant is due to expire by the end of the month. “My view is that it should be extended, principally because…