More Electric and Power Corporation (MORE Power) continues to strengthen its Renewable Portfolio Standard (RPS) with the signing of a new power supply agreement for 6.6 megawatts (MW) of clean energy.
MORE Power president and chief executive officer Roel Castro signed the pact with Urban Energy Development Corp. (UEDC) president Alfonso Javier Reyes, according to a news release Friday.
UEDC, a subsidiary of Mabuhay Power Holdings Corp., won the competitive selection process conducted by MORE Power on April 4.
The additional supply will come from the upcoming 8 MW-peak solar power plant being established by the UEDC in Anilao, Iloilo. The solar project is expected to break ground later this year and supply MORE Power with clean energy by mid-2026.
“We are steadily increasing the share of renewables in our power mix. With this new project, we take another significant step in hitting our long-term clean energy targets, ensuring our customers benefit from affordable, reliable and greener power,” Castro said.
He said the partnership is part of their continuing mission to lead Iloilo towards a more sustainable energy future.
Currently, the company’s renewable energy footprint is approximately 33 percent.
The initiative aligns with the campaign of the Department of Energy for utilities and distribution companies to meet their RPS obligations, requiring a growing share of renewable energy in their supply portfolios each year.
“This is not just compliance. This is commitment. We are driving the transition to a cleaner energy future -- not just for Iloilo City, but as a model for utilities across the country,” Castro said.
Meanwhile, Reyes said the solar power plant project, UEDC’s first in Iloilo, contributes to the country’s clean energy aspirations and provides new investment and development opportunities in the region.
“We are committed to delivering on schedule and at the highest quality standards,” he said.
Mabuhay Power Holdings Corp. chair Sherwin Go Hing, chief operations officer Carlo Jose Morales, MORE Power chief operations officer JM Zaporteza, vice president for corporate energy sourcing and commercial affairs Niel Parcon, and energy sourcing manager Raphael Dorilag were also present during the agreement signing.
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