Business World Online
Posted on 08:09 PM, November 14, 2010
POWER distribution utility Manila Electric Co. (Meralco) will complete 12 more projects to increase system capability for the remainder of the year.
Meralco said in a statement its remaining projects will add a total of 249 mega-volt amperes to its distribution capacity.
“These projects include three new distribution substations, one subtransmission line upgrading, one subtransmission line reconfiguration, and upgrading of seven distribution lines. The new substation facilities will provide the additional capacity needed to accommodate new applications for electric service and likewise normalize six critically loaded power transformer banks,” said Ricardo V. Buencamino, executive vice-president and networks head of Meralco, in the statement.
Projects include the Ninoy Aquino International Airport Terminal 3 (NAIA 3) substation scheduled to be commissioned later this month.
The substation is “capable of serving the 16-megawatt (MW) ultimate power requirement of NAIA 3 to go into full operation,” as well to surrounding areas in Pasay.
Other projects include distribution stations in Marilao and Veinte Reales in Valenzuela, the upgrade of a Novaliches subtransmission line, rehabilitation of the typhoon-damaged Taguig substation, and reconfiguration of the Sta. Mesa and Araneta substations. There will also be projects in Lucena and Pagbilao in Quezon, Ternate in Cavite, Binondo and Tondo in Manila, and Pasay.
“Meralco is investing approximately P7 billion for all service improvement projects in 2010,” said Mr. Buencamino.
The listed utility expects system loss, which is passed on to consumers, to be reduced by six million kilowatt-hours per year, equivalent to P37.3 million in system loss charges in electricity bills.
For the nine-month period that ended September, Meralco’s consolidated core net income rose by 80% to P9.2 billion from P5 billion in the same period last year. Reported net income stood at P8 billion, up by 61% from P5 billion.
A shift to the performance-based regulation scheme allowed Meralco to earn P7 billion last year, up from P2.6 billion in 2008.
Last year marked the entry of new shareholders, namely, Philippine Long Distance Telephone Co. (PLDT) and Metro Pacific Investments Corp. as well as San Miguel Corp.
Mediaquest Holdings, Inc., a subsidiary of the Beneficial Trust Fund of PLDT, has a minority stake in BusinessWorld. -- Emilia Narni J. David
“These projects include three new distribution substations, one subtransmission line upgrading, one subtransmission line reconfiguration, and upgrading of seven distribution lines. The new substation facilities will provide the additional capacity needed to accommodate new applications for electric service and likewise normalize six critically loaded power transformer banks,” said Ricardo V. Buencamino, executive vice-president and networks head of Meralco, in the statement.
Projects include the Ninoy Aquino International Airport Terminal 3 (NAIA 3) substation scheduled to be commissioned later this month.
The substation is “capable of serving the 16-megawatt (MW) ultimate power requirement of NAIA 3 to go into full operation,” as well to surrounding areas in Pasay.
Other projects include distribution stations in Marilao and Veinte Reales in Valenzuela, the upgrade of a Novaliches subtransmission line, rehabilitation of the typhoon-damaged Taguig substation, and reconfiguration of the Sta. Mesa and Araneta substations. There will also be projects in Lucena and Pagbilao in Quezon, Ternate in Cavite, Binondo and Tondo in Manila, and Pasay.
“Meralco is investing approximately P7 billion for all service improvement projects in 2010,” said Mr. Buencamino.
The listed utility expects system loss, which is passed on to consumers, to be reduced by six million kilowatt-hours per year, equivalent to P37.3 million in system loss charges in electricity bills.
For the nine-month period that ended September, Meralco’s consolidated core net income rose by 80% to P9.2 billion from P5 billion in the same period last year. Reported net income stood at P8 billion, up by 61% from P5 billion.
A shift to the performance-based regulation scheme allowed Meralco to earn P7 billion last year, up from P2.6 billion in 2008.
Last year marked the entry of new shareholders, namely, Philippine Long Distance Telephone Co. (PLDT) and Metro Pacific Investments Corp. as well as San Miguel Corp.
Mediaquest Holdings, Inc., a subsidiary of the Beneficial Trust Fund of PLDT, has a minority stake in BusinessWorld. -- Emilia Narni J. David
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