Tag: Meralco

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Laiya residents seek Meralco help to bolster growth

Residents of Laiya, a popular tourist draw in San Juan, a town at the edge of Batangas province, are calling on BATELEC II to allow Manila Electric Co. to assist in providing reliable electricity service to unlock the seaside community’s full economic potential.

Power giant Meralco braces for oil shock

Manila Electric Co. chairman Manuel V. Pangilinan said the country’s largest power distributor is reviewing its fuel mix as tensions in the Middle East threaten to push electricity costs higher.

Movem, Rockwell power up Makati

Movem, the e-mobility arm of Manila Electric Co. (Meralco), has teamed up with Rockwell Property Management Corp. to launch five electric vehicle (EV) charging stations at Edades Tower and Edades Suites in Rockwell Center.

Meralco lines up massive spending for future projects

Power giant Manila Electric Co. is revving up for a historic spending cycle, lining up P272.2 billion in capital expenditures to modernize its grid, harden infrastructure, and keep pace with the country’s swelling power demand.

Meralco, Aboitiz deepen US nuclear push

Energy heavyweights Manila Electric Co. (Meralco) and Aboitiz Power Corp. (AboitizPower) have joined senior US and Philippine officials in accelerating civilian nuclear cooperation, marking a decisive step in Manila’s bid to integrate nuclear energy into its power mix by 2032.

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Batangas investment pays off as IDC expands

Italpinas Development Corp. (IDC) is accelerating its Luzon expansion after its flagship Batangas project, Miramonti Green Residences, neared a sellout just weeks after its formal launch, validating the developer’s strategy of investing early in fast-rising provincial growth centers.

PLDT in talks with KKR over Maya IPO plans; trade sale remains option

PLDT Inc. is negotiating with private equity firm KKR & Co. to resolve outstanding issues affecting the proposed initial public offering (IPO) of its fintech unit, Maya Innovations Holdings.

DHSUD grants housing loan reprieve, deploys shelter aid after Mindanao quake

The Department of Human Settlements and Urban Development (DHSUD) has ordered a moratorium on housing loan payments and mobilized emergency shelter assistance in areas devastated by the magnitude 7.8 earthquake that struck Mindanao, as the government intensifies relief efforts for affected families.

Electricity spot market rates jump 38% in May

Electricity prices across the Wholesale Electricity Spot Market (WESM) rose by 38.5 percent in May, according to data released Wednesday by the Independent Electricity Market Operator of the Philippines (IEMOP).

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