RAZON-LED Prime Infra signed a 20-year power supply agreement (PSA) for the 850-megawatt (MW) mid-merit requirement of Manila Electric Co. (Meralco).

In a statement on Thursday, Prime Infra said Terra Solar Philippines under Terra Renewables Holdings Inc. will provide the 850-MW mid-merit supply, which can approximately power 1.55 million houses per year, with an average consumption of 200 kilowatts per month, while displacing an annual consumption of approximately 1.4 million tons of coal or 930 million liters of oil.

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