Therma Mobile to shut down Navotas plants

Therma Mobile Inc. (TMO) will stop operating its Bunker C-fired diesel power plants in Navotas City, its parent Aboitiz Power Corp. said on Thursday.

In a disclosure, the power arm of the Aboitiz Group said these plants would be on reserve shutdown in the absence of a power supply agreement (PSA) approved by the Energy Regulatory Commission (ERC).