By Amy R. Remo
Philippine Daily Inquirer
MANILA, Philippines—Manila Electric Co., the country’s biggest power distributor, is keen on forming possible partnerships with power giants San Miguel Corp. and Aboitiz Power Corp. to help build its planned power portfolio of more than 1,500 megawatts.
Manuel V. Pangilinan, president and chief executive officer of Meralco, said the two companies were among the local and foreign groups that the distribution utility planned to tap for its power projects over the next four years.
Apart from the two power giants, Team Energy, a venture between Marubeni and Tokyo Electric and Power Co., and the Consunji-led DMCI Holdings Inc. were among those that have earlier approached Meralco for possible partnerships.
Discussions with DMCI were still ongoing, Pangilinan said.
Meralco expects to spend as much as $2.3 billion (about P103 billion) to complete its 1,500-MW power generation portfolio between now and 2016.
Read here
Philippine Daily Inquirer
MANILA, Philippines—Manila Electric Co., the country’s biggest power distributor, is keen on forming possible partnerships with power giants San Miguel Corp. and Aboitiz Power Corp. to help build its planned power portfolio of more than 1,500 megawatts.
Manuel V. Pangilinan, president and chief executive officer of Meralco, said the two companies were among the local and foreign groups that the distribution utility planned to tap for its power projects over the next four years.
Apart from the two power giants, Team Energy, a venture between Marubeni and Tokyo Electric and Power Co., and the Consunji-led DMCI Holdings Inc. were among those that have earlier approached Meralco for possible partnerships.
Discussions with DMCI were still ongoing, Pangilinan said.
Meralco expects to spend as much as $2.3 billion (about P103 billion) to complete its 1,500-MW power generation portfolio between now and 2016.
Read here
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