GNPower Dinginin Ltd. Co. (GNPD), a partnership of Aboitiz Power's Therma Power Inc., Ayala Corporation's AC Energy Holdings, Inc., and Power Partners Ltd., is negotiating a third EPSA with Meralco after its second contract expired in February.
GNPower Dinginin Ltd. Co. , a partnership of Aboitiz Power’s Therma Power Inc., Ayala Corporation’s AC Energy Holdings, Inc., and Power Partners Ltd., is negotiating for its third emergency power supply agreement with Manila Electric Company following the lapse of their second contract last February.
As reiterated by GNPD President and CEO Dennis Jordan, “negotiations are still underway between GNPD and Meralco on a new emergency power supply agreement, and that currently, we have stopped serving the EPSA which expired last February 25.” The Aboitiz-affiliated company further stated that “while GNPD made an initial offer of 300-MW fixed rate for a new EPSA with MERALCO, it was rejected by the distribution company.”
GNPD further acknowledged that the first EPSA from December 15, 2022 to January 25, 2023 was a fixed price contract – and Meralco earlier emphasized that the charge for that was P5.95 per kWh.
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