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Meralco eyes expansion in Iloilo City

Meralco to help Iloilo foster business and entrepreneurship
By Entrepreneur Staff |

With Manny V. Pangilinan now leading the Manila Electric Company, the power distribution firm has set its eyes on the Visayas as an area for expansion.

While Iloilo City, the second fastest growing city in the region, is already beyond the unstable power supply of the past with the completion of the 164-megawatt coal-fired power plant of the Panay Energy Development Corp. the city’s distribution facilities are still in need of great improvements.

“However, I understand that power distribution business here needs improvement.  We would be keen to help through Meralco,” Pangilinan said.

One of the most important aspects in the growth of a city is a reliable power grid.

The business magnate who has stakes in communications, infrastructure, hospitals, and even the media cited the need for government and business to work together for Iloilo to achieve genuine and sustainable progress.  

“Business must shed the attitude of over-dependence on government while government, in turn, must create an enabling environment to make it easier for businesses to operate profitably and grow,” Pangilinan said.

“First, we invest in specific businesses which offer significant returns to our shareholders and improve the lives of our people.  Second, we transform the mindset and culture of the company we invest in.   Third, while turning a profit is of primary consideration for us, it is not our only goal.  What we want, and continually strive for, is sustained growth in the long-term.”

He recommended that Iloilo prioritize improvements in the areas of power, water, port development, road networks, public transport system, education and sports.



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