By Lenie Lectura April 5,
2019
THE Manila Electric Co. (Meralco)
and its partners signed an agreement with the Bases Conversion and Development
Authority (BCDA) for power distribution in New Clark City.
“The Meralco Marubeni Corp.—comprised
of Meralco, Marubeni Corp., Kansai Electric Power Co. Inc. and Chubu Electric
Power Co. Inc.—signed a joint-venture agreement [JVA] with the BCDA,” the
utility firm said on Thursday.
Meralco owns a 60-percent equity
stake in the consortium.
Under the JVA, the consortium will
put up a special purpose company that will have equity stake equivalent to 90
percent in a joint-venture company to be formed with the BCDA. The JVC will
then pursue and undertake the financing, design, ad engineering, establishment,
construction, development, and operation and maintenance of the electric
power-distribution system in New Clark City.
Rogelio Singson, president of
MeralcoPowerGen Corp., the power-generation arm of Meralco, said last month
that it will provide 10 megawatts to 14 MW of power to New Clark City by June
or July this year.
“How the power will be connected is
the responsibility of the BCDA. We’re helping them out in terms of
specifications, so when it is eventually turned over to Meralco, it is
acceptable,” said Singson.
The 9,450-hectare New Clark City,
located within the Clark special economic zone that spans Angeles City in
Pampanga and the towns of Capas and Bamban in Tarlac, is the country’s first
smart, disaster resilient and sustainable city.
The first phase of the development
covering 60 hectares features the National Government Administrative Center
that will house backup offices of various government agencies and a world-class
sports complex now being constructed in time for the 2019 Southeast Asian (SEA)
Games.
The new metropolis will also have
mixed-use residential, commercial, agro-industrial, educational institutions
and information-technology developments.
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