MORE Electric and Power Corp. (MORE Power) has inked a new power supply agreement that will add 6.6 megawatts (MW) of clean energy to its renewable portfolio standard (RPS) requirement.
The agreement was signed between MORE Power president and chief Roel Castro and Alfonso Javier Reyes, president of Urban Energy Development Corp. (UEDC), a Mabuhay Power Holdings Corp. subsidiary, a press release from the power firm said.
UEDC was declared the winning bidder during the competitive selection process conducted by MORE Power last April 4.
The deal will see UEDC supply 6.6 MW from its upcoming 8-MW peak solar power plant in Anilao, Iloilo.
This green field project is scheduled for completion and delivery within one year.
“This partnership is part of our continuing mission to lead Iloilo towards a more sustainable energy future,” Castro said.
“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,” he added.
Reyes emphasized the strategic importance of the partnership for both companies and the community.
“We are proud to support MORE Power’s renewable energy goals with our first solar facility in Iloilo. This project 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 added.
The company’s renewable energy footprint is approximately 33 percent and continues to grow with this new supply.
The move aligns with the Department of Energy’s push for utilities and distribution companies to meet their RPS obligations, which require 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, who is also the president of Negros Electric and Power Corp., said.
The Anilao solar project is expected to break ground later this year and supply MORE Power with clean energy by mid-2026. ||
