Manila Electric Co. was shortlisted as one of the two bidders aiming to become the joint venture partner of state-run Bases Conversion and Development Authority for the development of electric power distribution in New Clark City.
Meralco president Oscar Reyes confirmed that the company was shortlisted for the project in Central Luzon. Meralco is the country’s biggest power distributor with over 6.2 million customers in its franchise area.
“I think there are two [companies shortlisted],” Reyes said at the sidelines of the 44th Philippine Business Conference and Expo organized by the Philippine Chamber of Commerce and Industry in Manila.
BCDA is looking for joint venture partners to design, build, finance, operate and maintain power and water distribution in New Clark City which is envisioned to be Asia’s premier economic hub.
Reyes said the company was still studying potential of the New Clark City, but said the BCDA requirements were “very stringent.”
Meralco together with Angeles Electric Corp. owns Clark Electric Distribution Corp., the sole electric distribution firm in Clark Special Economic Zone in Pampanga
The 9,450-hectare New Clark City in nearby Tarlac province is envisioned to be the country’s first smart, disaster-resilient and sustainable city.