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The Manila Electric Company (Meralco), the Philippines’ largest distribution utility, is set to invest PHP100 billion by 2030 to enhance energy security and address climate change challenges.
The capital expenditures will focus on initiatives such as grid reliability improvement, system loss reduction, transition to natural ester oil for distribution transformers, implementation of energy efficiency solutions, and expansion of electric vehicle (EV) fleets and infrastructure.
Aligned with the Distribution Utility’s long-term sustainability strategy, Meralco aims to achieve a 20% reduction in total carbon emissions by 2030.
The company’s renewable energy unit, MGen Renewable Energy Inc. (MGreen), plans to accelerate solar and wind projects as part of these sustainability goals. Meralco envisions a low-carbon transition, serving the growing energy demand with clean power and aiming to become coal-free by 2050. |
