MANILA (AFX-ASIA) – Manila Electric Co will renegotiate its power supply contracts with independent power producers (IPPs) in an effort to lower its distribution rate, the Philippine Daily Inquirer reported, citing Economic Planning Secretary Romulo Neri. He met with Meralco director Christian Monsod recently, the report said. “Meralco said it is ready to renegotiate its…
PHILIPPINES: Meralco agrees to renegotiate IPP contracts Ð Neri
Posted on June 20, 2003 by EnergyAsia