Monday, March 25, 2019

Meralco investing P1b to build New Clark power facilities


posted March 24, 2019 at 07:45 pm by  Alena Mae S. Flores

Power retailer Manila Electric Co. is investing P1 billion to put up the power distribution facilities in New Clark City in preparation for the 30th Southeast Asian Games late this year, an executive said over the weekend.
Meralco senior vice president Rogelio Singson said the company was looking at a demand of 10 megawatts to 14 MW for the New Clark City facilities.
“It can still be ramped up. So we were telling them, at first they want everything smart, underground. I said, with that demand, how much tariff are you prepared to pay…Overhead, we can do it….Smart city yes, but not immediately until you have the consumption,” Singson said.
The Bases Conversion Development Authority issued the notice of award to Meralco as the power distributor of New Clark City after offering the lowest power supply rate.
“We continue to dialogue with BCDA to help them out after given the award. We were giving them suggestions on how they can formulate the plan, for the terms of the utilities,” Singson said.
He said Meralco committed that the facilities would be ready by June or July. 
“We’re helping them [BCDA] out in terms of specifications so that when it is eventually turned over to Meralco, it is acceptable,” Singson said. 
Meralco, together with Japan’s Marubeni Corp., submitted the lowest power distribution rate for New Clark City at P0.6188 per kilowatt hour.
Meralco senior vice president and head of customer retail services and corporate communication Al Panlilio said Meralco’s offer was low because “our partners really wanted to win it.”

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