Bayan Muna: Dirty coal wins in Meralco PSAs

Quick Summary:

Manila, Philippines - Bayan Muna executive vice president Carlos Isagani Zarate has criticized the outcome of Meralco's recent competitive selection process (CSP) for new power supply agreements (PSAs), stating that "dirty coal wins" as the lowest acceptable price tenders.

Reports said the winning bids came from coal-powered plants: Masinloc Power Co.Ltd.of the San Miguel group at P5.6015 per kilowatt hour (kWh), and GNPower Dinginin Power Ltd.Co.of the Aboitiz group at P5.7392 per kWh.

San Miguel Corporation (SMC) subsidiaries aim to extract 70 million metric tons of coal from the area, which is predominantly inhabited by Tboli and Dulangan Manobo indigenous peoples.

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Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: Philippines

Topics: Miguel Zarate Recent Power Social Group Barangay Coal Indigenous Environmental

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 01:58:13 (4 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22291996

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 30 posts per day

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Headquarters: Philippines

News Last Updated: 13 hours ago

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