Razon’s MORE Power gets new RE supply
Razon-led MORE Electric and Power Corp. (MORE Power) has sealed a new energy deal, increasing its renewables supply by 6.6 megawatts (MW).
The company, which serves Iloilo City, inked the agreement with Urban Energy Development Corp. (UEDC), a MabuhayPower Holdings Corp. subsidiary.
This came as UEDC emerged as the winning bidder after the Razon group conducted an auction in April for a new supply contract.
According to MORE Power, UEDC will source the energy from its upcoming 8-MW solar farm in Anilao, Iloilo. The facility’s commercial operation is targeted within the year, while the delivery of electricity would start by mid-2026.
“This partnership is part of our continuing mission to lead Iloilo toward a more sustainable energy future,” said MORE Power president Roel Castro.
“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,” he added.
UEDC’s top official, meanwhile, said the solar plant was the firm’s first in the province.
“This project contributes to the country’s clean energy aspirations and provides new investment and development opportunities in the region,” said Alfonso Javier Reyes, UEDC president.
Reyes said UEDC was on track to deliver the renewable energy project on schedule.
MORE Power’s Castro said the deal, which would boost its Renewable Portfolio Standard (RPS) requirement, aligns with the Department of Energy’s mandate for utilities and distribution firms to hit their RPS obligations.
These industry players—electric cooperatives, distribution utilities, and retail suppliers—are required to source 11 percent of their power sales from clean energy sources.
“We are driving the transition to a cleaner energy future—not just for Iloilo City, but as a model for utilities across the country,” Castro said.
