Power utility giant Meralco is allocating capital spending of up to P110 billion for renewable energy facilities, electric vehicles, and other projects’ buildup that will underpin its sustainability agenda to be concretized until 2030.
Power utility giant Manila Electric Company is allocating capital spending of up to P110 billion for renewable energy facilities, electric vehicles and other projects’ buildup that will underpin its sustainability agenda to be concretized until 2030.
For the targeted scale of EV deployments, Ravelo specified that “about close to P1.0 billion will be for EVs; but still to be determined depending on how we will roll out the EVs.” Separately, Ronnie L. Aperocho, first vice president and head of networks of Meralco, indicated that for their distribution networks’ capex, the allocation for this year had been pegged at P21 billion – and that will be subject to the approval of the Energy Regulatory Commission.