Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Meralco taps MIESCOR to link Terra Solar project to Luzon grid

MANILA Electric Co. (Meralco) has tapped its subsidiary Meralco Industrial Engineering Services Corp. (MIESCOR) to link the P200-billion Terra Solar project to the Luzon grid.

MIESCOR signed a contract with Terra Solar Philippines, Inc. (TSPI) to design and construct critical infrastructure that will connect the solar plant to the grid, the company said in a statement on Thursday.

The connection will ensure the delivery of the energy it would generate once the project becomes operational.

It involves a 34.5/230/500-kilovolt (kV) main collector substation, two 34.5/230-kV solar photovoltaic satellite collector substations, and two double-circuit 230-kV transmission lines.

“The project, formalized through our contract signing with Terra Solar Philippines, Inc., is already underway,” MIESCOR President and Chief Executive Officer Richard O. Ochava said.

TSPI is developing a 3,500-megawatt solar power plant and a 4,000-megawatt-hour energy storage system. It is expected to generate more than five billion kilowatt-hours of electricity yearly.

The first phase of the project is scheduled to be delivered by 2026, while Phase 2 is targeted for 2027.

MIESCOR is the engineering, procurement, construction, and operations arm of Meralco. The company and its subsidiaries provide expertise in engineering, procurement, and construction; distribution utility and pole attachment services; telecommunications services and infrastructure; logistics and facilities management; and trading of electrical supplies and equipment.

Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Sheldeen Joy Talavera

    You May Also Like

    Stock Markets

    RUELLE CANINO (left) and GM Janelle Mae Frayna (right) — PHILSTAR FILE PHOTO BUDAPEST, Hungary — GM Janelle Mae Frayna and wonder girl Ruelle...

    Finance

    Labour’s plan to overhaul the non-dom tax regime could cost the UK government up to £1 billion as wealthy individuals flee the country, a...

    Finance

    Running a business in the UK comes with a myriad of responsibilities, and understanding your tax obligations is one of the most critical aspects....

    Stock Markets

    By Justine Irish D. Tabile, Reporter INFORMATION TECHNOLOGY and business process management (IT-BPM) companies in the Philippines face a shortage in artificial intelligence (AI)-equipped...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Captain Of Success. All Rights Reserved.