Corporate News & Analysis: Meralco Goes Into Mini-Hydros

Meralco (MER) just formed a joint venture for mini-hydro power projects.  This reminds us of what MVP said in an MPI Analysts Briefing before of forming a network of mini hydro dams all over Luzon to prevent a future water crisis.  He brought this to the attention of the Aquino administration that time because there is a huge capex involved also.

Anyway, the joint venture is with Blue Energy Holdings and Management Corp., and MER is to hold a 50% stake minus one share of it.  This development will hasten MER’s diversification from a power distributor to a power generation firms.  It has coal-fired power plants coming on line from 2019-2020.  The mini-hydros with 100 MW of potential capacity are faster to establish with lower capex.

Click & Read the BusinessWorld News Article Here


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