Power retailer Manila Electric Co. (Meralco) plans to expand its distribution network through electric cooperatives, a top executive said Thursday.
“There is one last idea that I encourage Meralco to adopt, which is broadening investments in electric cooperatives in the country,” Meralco chairman and chief executive Manuel Pangilinan said during the Giga Summit organized by the Meralco Power Academy.
Meralco is the country’s largest private sector electric distribution utility covering 38 cities and 73 municipalities with over 7.6 million customers. Its franchise area accounts for 55 percent of the country’s electricity output. Pangilinan earlier said Meralco wanted to expand its reach “especially the critical areas where there is a need for an efficient distribution utility.”
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