MANILA, Philippines – Lopez-led Manila Electric Co. will source clean energy from Montalban Methane Power Corp.’s (MMPC) 8.19-megawatt renewable power generating plant in Rodriguez, Rizal, raising its clean and renewable energy portfolio.

In a statement, Meralco said the contract for the supply of electricity is its
“expression of support” to Republic Act No. 9513 signed by President Arroyo, which aims to promote the development, utilization and exploration of renewable energy resources in the country.

“The plant will recover harmful methane gas from the Rodriguez garbage dumpsite to generate electricity enabling Meralco to increase its capacity and alleviate global warming through the reduction of carbon emissions during electricity generation,” it added.

The law creates a framework for the accelerated development of renewable energy resources and development of a strategic program to increase its use. Establishing the necessary infrastructure and mechanism,

The Renewable Energy Act urges the development and use of renewable energy resources as tools to effectively prevent or reduce harmful emissions and balance goals of economic growth and development with the protection of health and environment.

MMPC is a joint venture formed by Tranzen Group, Inc. and Carbon Assets Fund of Cayman Island, which is a majority owned company of United Kingdom-based Carbon Capital Markets. Tranzen is a local firm headed by Salvador B. Zamora II, owning 60 percent of the power firm. -Ruby Anne M. Rubio, GMANews.TV