Uae power distribution company1/29/2023 ![]() Currently, demand has outpaced supply, which has brought about a power crisis since the summer of 2015. The Philippine power sector is one of the main drivers of economic growth. MERALCO is directly owned by two major shareholders: Beacon Electric Asset Holdings (34.96%) and listed conglomerate JG Summit Holdings (27.12%). In addition, the company, through subsidiaries MERALCO Industrial Engineering Services Corporation and CIS, is involved in electricity-related services such as electro-mechanical engineering, light rail-related maintenance services, e-transactions and bills collection. Besides being a major power distributor, it has ventured into other segments such as power generation and retail electricity supply. ![]() ![]() It provides electricity to more than 5.5m customers in Metro Manila, representing approximately 55% of the country’s total power requirements. The Manila Electric Company ( MERALCO) is the largest electric power distribution company in the Philippines. ![]()
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