Manila Electric Co. chairman and CEO Manny V. Pangilinan, has expressed his intention to expand the utility giant’s investments in the power sector by collaborating with electric cooperatives (ECs) in the Philippines.
Speaking at a recent forum, Pangilinan emphasized the importance of this strategic move.
“There is one last idea that I encourage Meralco to adopt, which is broadening investments in electric cooperatives in the country,” he said.
Pangilinan went on to highlight the limitation of Meralco’s distribution footprint, saying, “We might be efficient on the generation side of the business, but Meralco’s distribution footprint is limited to our franchise area.”
The Meralco chief executive stressed that certain regions in the Philippines require ECs to enhance their operations and align with the standards and efficiencies upheld by Meralco.
Meralco’s franchise currently encompasses Metro Manila, the entire provinces of Rizal, Cavite, and Bulacan, with power distribution extending to select areas in Pampanga, Batangas, Laguna, and Quezon.