(PHStocks) – Therma Luzon Inc. (TLI), a wholly owned subsidiary of Aboitiz Power Corp. (AboitizPower) (PSE:AP), and Melters Steel Corp. (MSC) sealed its partnership through a 20-year Power Supply Agreement. Commenced last December 26, 2011. TLI provides reliable, stable and affordable power to MSC’s smelting plant in San Simon, Pampanga.
Melter Steel is a steel smelting company that produces steel billets from recycled metals.
AboitizPower Senior Vice-President for Trading and Marketing Luis Miguel Aboitiz said: “AboitizPower is pleased to partner with Melters Steel Corporation to provide MSC with the reliable energy that will power up and grow their business.”
“Melters is looking forward to a long and mutually beneficial partnership with Aboitiz Power. We are confident that through this long term partnership, Melters will be in a better position to compete in the steel manufacturing industry,” said Ricardo Lim, General Manager of Melters.
AboitizPower is the holding company for the Aboitiz Group’s investments in power generation, distribution, retail and power services. It has several hydroelectric and geothermal assets in its generation portfolio and also has non-renewable power plants located across the country. The company also owns distribution utilities that operate in high-growth areas in Luzon, Visayas and Mindanao. For more information, visit their website www.aboitizpower.com.