Deals Counterparts
M

Manila Electric Company

company 3 Deals 3 Partners

Manila Electric Company (Meralco) is the largest electric power distribution company in the Philippines, serving a vast customer base across Metro Manila and surrounding provinces. The company is actively expanding its portfolio into power generation, particularly renewable energy, retail electricity supply, electric vehicle charging infrastructure, and digital infrastructure including hyperscale data centers.

Get alerts when new deals involving Manila Electric Company are announced — free, no spam.
Founded 1903
UtilityOperatorDeveloperInvestorOfftaker

Strategic Overview

  • Meralco is committed to supporting the Philippines' energy transition goals by investing in renewable energy generation through its subsidiary MGen.
  • The company is diversifying its business beyond traditional electricity distribution into new growth areas like digital infrastructure (data centers) and e-mobility (EV charging).
  • Meralco aims to enhance grid reliability and efficiency through continuous modernization and smart grid technologies.

Deal Activity from Public Sources

Commercial operation of 50MWac BulacanSol solar power plant in San Miguel, Bulacan
Development Solar PV Philippines May 2021 50 MW with MGen Renewable Energy, Inc.
Energization of 68MWac Santa Cruz Solar Farm in San Marcelino, Zambales
Development Solar PV Philippines December 2023 68 MW with MGen Renewable Energy, Inc.
Announcement of plans to develop hyperscale data centers in the Philippines
Development Data Center Philippines August 2023
Expansion of electric vehicle charging network across Meralco's franchise area
Development EV Charging Philippines Ongoing

Investment Focus

Technologies
Nuclear3
Geography
Philippines3

Key People

Manuel V. Pangilinan
Chairman
Ronnie L. Aperocho
President and CEO
Betty C. Siy-Yap
SVP and CFO

Track Record

121
Years Active
Notable projects: BulacanSol Solar Power Plant (50MWac), Santa Cruz Solar Farm (68MWac), Development of Hyperscale Data Centers

Detailed Analysis

Sectors
UtilitiesEnergy TransitionDigital/Telecom
Technologies
Power DistributionThermal PowerSolar PVBattery StorageEV ChargingData CenterFiber Optic Networks
Geographies
Philippines
Deal Stage
GreenfieldBrownfieldOperating

Subsidiaries

Meralco PowerGen Corporation (MGen)Meralco Energy, Inc. (MServ)Meralco Industrial Engineering Services Corporation (MIESCOR)Radius Telecoms, Inc.eSakay, Inc.
Track Manila Electric Company