"I am thus directing our relevant government agencies, especially the [DENR] and the DOE, to remain vigilant in monitoring the compliance of power generation companies with existing laws and regulations," the President said. "As we look forward to the future of power generation in the Philippines, with much optimism, let me assure our partners in the private sector, that this administration remains committed in harnessing the potential of sustainable [and] renewable energy in driving the growth of our economy," he added. In his speech, the Chief Executive encouraged other Filipino generation firms to follow the lead of SBPL by investing in "clean energy." SBPL, a partnership between Meralco PowerGen Corporation and New Growth BV, will supply power for 20 years to Meralco and holds power distribution franchise for 22 cities and 89 municipalities. The 500-megawatt capacity coal-fired power plant of SBPL in Mauban, Quezon, which started operating on September 26, provides generation to the Luzon grid.