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| CLEAN ENERGY PARTNERSHIP. MORE Power President/CEO Roel Z. Castro (3rd from left) and MabuhayPower Holdings Corp. Chairman Sherwin Go Hing (4th from left) formalize the 6.6 MW Solar Power Supply Agreement on July 1, 2025. Also in the photo (from left to right) are MabuhayPower Chief Operations Officer Carlo Jose Morales, Urban Energy Development Corporation President Alfonso Javier D. Reyes, MORE Power Chief Operations Officer JM Zaporteza, VP for Corporate Energy Sourcing and Commercial Affairs Niel Parcon, and Energy Sourcing Manager Raphael Dorilag. |
Iloilo City — MORE Electric and Power Corporation (MORE Power) has inked a new Power Supply Agreement (PSA) 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 CEO Roel Z. Castro and Alfonso Javier D. Reyes, President of Urban Energy Development Corporation (UEDC), a MabuhayPower Holdings Corp subsidiary.
UEDC was declared the winning bidder during the Competitive Selection Process (CSP) conducted by MORE Power last April 4, 2025.
The deal will see UEDC supply 6.6 MW from its upcoming 8 MW-peak solar power plant in Anilao, Iloilo. This greenfield 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,” said President Roel Z. Castro of MORE Power. “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.”
UEDC’s President 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.”
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,” Castro added. “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.”
The Anilao solar project is expected to break ground later this year and supply MORE Power with clean energy by mid-2026.