Meralco, the nation’s largest power distributor, has been awarded a franchise renewal, announced today by Meralco Chairman and CEO Manuel V. Pangilinan. He hailed the move as a cornerstone for advancing the Philippines’ energy landscape.
“We welcome the renewal of Meralco’s franchise—a recognition of our role in helping power the nation’s growth,” Pangilinan stated in a press release. He expressed gratitude to President Ferdinand R. Marcos Jr., the Senate, and the House of Representatives for their support, noting, “The renewal reflects shared effort to ensure that Meralco continues to meet the evolving needs of consumers through innovation, operational excellence, and dependable service.”
The franchise renewal paves the way for Meralco to implement long-term energy infrastructure projects aimed at improving electricity delivery to homes, businesses, and industries. It also enables continued investment in modernizing and expanding the distribution network to enhance resilience against climate-related disruptions. “It reinforces our common desire to attain substantial energy independence in the long run,” Pangilinan added.
Meralco’s commitment extends beyond infrastructure. The company pledges to introduce innovations that boost efficiency and elevate customer experience while adhering to transparency, regulatory compliance, and corporate social responsibility. “Meralco stands firm in its mission to support the Government’s nation building agenda, drive economic progress, and improve the lives and economic well-being of our people,” Pangilinan emphasized.
This development comes at a critical juncture as the country seeks to balance economic growth with sustainable energy solutions. With Meralco’s renewed mandate, the energy sector is poised for transformative growth, ensuring a more reliable power supply to fuel the nation’s development.
What does Meralco’s franchise renewal mean for the future of energy in the Philippines? Share your thoughts and join the discussion!
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