Meralco in tie-up talks with power generation firms

• 14 years ago (2010-06-07)
• David Flin

Africa 323 Asia 897 Australasia 57 Biomass 8 Climate change 21 Coal 299 Cogeneration 1 Concentrating solar 5 Cyber security 8 Decarbonisation 1 Decentralised energy 6 Demand side management 3 Demand side response 2 Digitalisation 10 Distributed energy 10 Distribution 125 Electric vehicles EVs 4 Emissions 65 Energy management 2 Equipment 2 Europe 1094 Gas 395 Gas engine plant 66 Gas fuel 2 Horizon 2 Hydroelectric 17 Hydrogen 63 Hydropower 134 Latin America 81 Maintenance 3 Marine 1 Metering 2 microgrid 5 Middle East 328 North America 1026 Nuclear 665 Offshore wind 121 Oil 19 Operations 4 Policy 9 Regulations 3 Renewables 780 smart grid 2 Solar 277 Storage 45 substation 8 Tepco 2 Tidal 2 Toshiba 4 Transmission 195 US Senate Washington 4 Wind 261

---

Manila Electric Company (Meralco), the largest power distributor in the Philippines, says that it hopes to sign a deal with several prospective companies to boost its planned venture into power generation. Jose P de Jesus, Chief Operating Officer for Meralco, said the power companies in question included those that had acquired power plants previously owned by the state-run National Power Corporation. De Jesus said that depending on the outcome of the discussions, a possible agreement may be possible before 2011.

Meralco has formed a committee to validate and review all proposals made by the power generation companies for the planned partnership. For the long-term, Meralco is also looking into the prospect of building its own greenfield power plants as soon as possible. In particular, it has been looking at building a power plant in Luzon.

De Jesus stressed the need to have new power plants due to the growth of electricity demand in Luzon. He estimated that if no new facilities were built, Manila and some provinces in Luzon might experience power shortages by 2013.