The Manila Electric Company (PSE: MER and MERB), also known as MERALCO, is the Philippines’ largest distributor of electrical power.
The word MERALCO, is an acronym for Manila Electric Railroad And Light COmpany, which was the company’s original name from 1903 to 1919.
MERALCO is the Metro Manila’s only electric power distributor and holds the power distribution franchise for some 22 cities and 89 municipalities, including the whole of Metro Manila and Mega Manila region.
Salcon Power Corporation (SPC) is a venture company owned by members of the Salcon Consortium, which entered into rehabilitation, operation, maintenance and management agreement with the National Power Corporation, on March 11, 1994, for the purpose of undertaking the rehabilitation, operation, maintenance and management of the 203.8-megawatt Naga Power Plant complex in Colon, Naga, Cebu. The Company’s subsidiaries include Bohol Light Company, Inc., which is engaged in the business of supply and distribution of electricity; Salcon Island Power Corporation, which designs, develops, constructs, assembles, installs commission, rehabilitate, maintain, manage and operate diesel, hydro turbine, thermal and other generating plants, and Salcon Electric Company, Inc., which designs, constructs, installs, commissions, rehabilitates, maintains, manages, operates and invests in power generation/distribution plants and related facilities.
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PNOC Energy Development Corporation (PNOC EDC) is primarily engaged in the business of exploring, developing and operating geothermal energy projects and geothermal energy projects in the Philippines. The Company operates six geothermal steamfields in the four geothermal service contract areas where it is principally involved in the production of geothermal steam for sale to National Power Corporation (NPC) pursuant to Steam Sales Agreements, and the production of steam for delivery to Build Operate Transfer (BOT) power plants, which convert steam to electricity for sale by PNOC EDC to NPC pursuant to Power Purchase Agreements. The Company’s services include geothermal exploration and development, reservior engineering and management, drilling, engineering design, construction, environmental management and energy research and development.
