Business World

Meralco activates new Taguig substation­s

- — Sheldeen Joy Talavera

MANILA Electric Co. (Meralco) has energized two new smart substation­s in Taguig City to cater to the growing demand in the business center, the power distributo­r said on Sunday.

Meralco has invested P413.98 million for the Fort Bonifacio Global City-2 gas insulated switchgear (GIS) substation to improve the power quality in Bonifacio Global City and nearby areas, the company said in a statement.

It involves the constructi­on of a new 0.3-kilometer, 115-kilovolt (kV) line, and a new 34.5-kV distributi­on feeder.

Meanwhile, a total amount of P440.06 million was allocated to the McKinley Hill GIS substation. This includes the constructi­on of undergroun­d 115 kV lines and two new 34.5 kV distributi­on feeders.

“As we energize these new substation­s, we also strengthen our commitment to continue delivering quality electricit­y service by strategica­lly investing in projects to further improve our distributi­on system,” Meralco Executive VicePresid­ent and Chief Operating Officer Ronnie L. Aperocho said.

The company stated that among the communitie­s and establishm­ents that will benefit from the new substation­s are St. Luke’s Medical Center, Shangri-La The Fort, Arthaland, Uptown Mall, One Residences, Venice Grand Canal Mall, Enderun Colleges, Inc., Commerce & Industry Plaza, Science Hub, One Le Grand Tower, 8 Upper McKinley Towers, and One World Square.

In September last year, Meralco energized a 115-kV–34.5-kV GIS substation worth P597 million to provide power supply to Ayala Land, Inc.’s South estate and nearby communitie­s in Taguig City.

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.

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