Meralco explores Mindanao coal plant and confirms Quezon project
What happened
Meralco's power generation arm confirmed it is pursuing a coal project in Quezon. The arm also expressed interest in a 232-megawatt coal-fired power plant in Mindanao, which is being privatized by Power Sector Assets and Liabilities Management Corp. Meralco's CEO noted that growing electricity demand presents opportunities for additional power generation capacity.
From bworldonline.com
Why it matters
The interest in the Mindanao facility is driven by growing electricity demand in the Philippines. This move indicates Meralco is seeking to increase its power generation capacity through both new projects and the privatization of existing state assets.
Meralco is coordinating with the Department of Energy regarding permitting requirements for its power generation operations in the Philippines.
From bworldonline.com
Who's involved
- MeralcoPhilippine electric company developing projects in Quezon and exploring Mindanao opportunities
- Department of EnergyPhilippine energy department that regulates Meralco and sets national energy policy
- QuezonProvince of the Philippines where Meralco is developing a coal project
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Misamis OccidentalSpeculative
Meralco's interest in the Mindanao plant could increase investment in the region's power sector.
Keep exploring
The entities involved
-
Meralco
Philippine electric company
- Meralco's earnings are being compared to Forbes' rich list, alongside reports on poverty concentration in Sara Duterte's political base, Mindanao.
- Panfilo Lacson filed a Senate investigation resolution, while Sherwin Gatchalian urged grid modernization and Meralco rates were compared to Southeast Asia.
-
Department of Energy
Philippine energy department
-
Quezon
province of the Philippines
Nothing else this week.
Related events
- Juan has been named as the Energy Regulatory Commission chairman overseeing Meralco's operations in Manila.
- Pulse Asia conducted a nationwide survey in the Philippines, coinciding with the Department of Energy issuing a circular removing solar barriers.
- MGEN is developing a facility in Central Luzon, a project involving Meralco and businessman Manuel V. Pangilinan.