Manila Electric Co Company Profile
Manila Electric Company, together with its subsidiaries, holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines. The company operates in two segments, Power and Other Services. It offers power to approximately 7.1 million industrial, commercial, and residential customers in 36 cities and 75 municipalities, including Metro Manila; the provinces of Rizal, Cavite, and Bulacan; and parts of the provinces of Pampanga, Batangas, Laguna, and Quezon; distributes power to 2,613 customers in Clark Special Economic Zone; and develops, finances, constructs, and operates solar-powered generation facilities, as well as owns coal and diesel-fired and liquefied natural gas power plants. The company also provides electromechanical engineering, construction, consulting, and related manpower services; rail-related operations and maintenance services; insurance and re-insurance services; e-business development; power distribution management; and electric vehicle and charging infrastructure solutions, as well as consultancy, engineering, and integration services to telecommunication service providers. In addition, it offers engineering, procurement, and construction services; testing and commissioning services; building and facilities management and renovation services; vehicle leasing and fleet management services; and undertakes electrical, foundation, waterproofing, and general engineering and building works. Further, the company provides e-transaction, outsourced payment collection, outsourced tellering, and other administrative services; energy efficiency and urban services, such as energy management system, smart street lighting, sewage treatment plant, and HVAC and lighting solutions; and data connectivity solutions, as well as engages in the energy sourcing and trading, and wholesale contracting and aggregating of electricity. Manila Electric Company was founded in 1903 and is based in Pasig, the Philippines.