These facilities will have an aggregate capacity of 2260 MW. These projects include the following: the 460 MW San Buenaventura plant (51% owned, operational in 2019) two 300-MW RP Energy plants (52% owned, operational in 2019) and two 600-MW Atimonan plants (100% owned, operational in 2020). Besides these investments, MERALCO plans to commission three new coal-fired power facilities by 2020. GBPC operates 709 MW of capacity from both coal- and diesel-fired power plants. The company, through Meralco PowerGen Corporation, has an existing 22% equity interest in the Global Business Power Corporation (GBPC), a subsidiary of holding firm GT Capital Holdings, and a 28% equity interest in PacificLight Power in Singapore. Therefore, MERALCO is taking advantage of its exposure in power distribution by venturing into power generation to provide a stable source of electricity as peak demand increases. Extreme El Niño weather events and unexpected outages in the next few years may adversely affect hydropower plants’ output, while aging facilities could mean forced outages and power shortage risks, especially in the Luzon grid. Currently, demand has outpaced supply, which has brought about a power crisis since the summer of 2015.
#Manila power utility drivers#
The Philippine power sector is one of the main drivers of economic growth. MERALCO is directly owned by two major shareholders: Beacon Electric Asset Holdings (34.96%) and listed conglomerate JG Summit Holdings (27.12%). In addition, the company, through subsidiaries MERALCO Industrial Engineering Services Corporation and CIS, is involved in electricity-related services such as electro-mechanical engineering, light rail-related maintenance services, e-transactions and bills collection. Besides being a major power distributor, it has ventured into other segments such as power generation and retail electricity supply. It provides electricity to more than 5.5m customers in Metro Manila, representing approximately 55% of the country’s total power requirements. Retrieved July 20, 2021.The Manila Electric Company ( MERALCO) is the largest electric power distribution company in the Philippines.
"Distribution Development Plan 2009–2018" (PDF). Electric Power Industry Management Bureau (September 2010)."Distribution Development Plan 2008–2017" (PDF). Electric Power Industry Management Bureau (August 2009).^ a b Distribution development plans published by the Department of Energy (DOE):.^ a b "Distribution Utility (DU) Profile".^ San Pedro and San Pablo are off-the-grid.^ a b Lima Technology Center – Special Economic Zone.^ a b c d e Clark Freeport and Special Economic Zone.^ a b c d e f g h i j k l Some areas are off-the-grid.^ Co-managed with Romblon Electric Cooperative.
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