Philippines' Meralco Moves on 1,200 Megawatts of Projects, Plans 2,700 Megawatts

JOHANNESBURG--November 2, 2012--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Meralco Powergen (MPG), the generation subsidiary of Manila Electric Company (Meralco) (Pasig City, Philippines), is planning to make $2.5 billion in investments to set up at least two coal-fired power projects. Both projects will have a generating capacity of 600 megawatts (MW) and will progress the company's long-term plan to meet the Philippines' electricity needs.

Other companies featured: Shell Philippines (NYSE:RDS), Chubu Electric (OTC:CHUEF)