Electric power distribution company Manila Electric Co. (Meralco) is allotting Php 6 billion in funding for new solar power projects in the Philippines, which it aims to accomplish through its power generating arm Meralco Powergen (MGen). 

The plan, which will take two years, involves the development of four solar farms, MGen president and CEO Jaime Azurin said.

“Construction work is ongoing for our 78-megawatt alternating current (MWac) plant in Baras, Rizal while engineering, procurement and construction (EPC) negotiations are in progress for the 54-MW in Cordon, Isabela, 19-MW Nueva Ecija, 50-MW Ilocos Norte,” Azurin revealed.

Php 3 billion has already been set aside for this year’s capital expenditures while Php 2 or another 3 billion are expected to be spent next year. 

Beyond these new projects, Azurin noted that they’re also eyeing the construction of new power infrastructures, specifically a large-scale wind farm and the development of solar storage.

On top of this, One Meralco will also be developing more projects that adhere to their sustainability endeavors.

“You can expect more renewable energy projects in the coming years as we endeavor to provide cleaner and sustainable energy supply in the market,” Azurin said.

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Image credit: Meralco