The Manila Electric Company (Meralco), the largest electric power distributor in the Philippines, plans to launch power distribution operations in Myanmar and other countries in Southeast Asia. Meralco also plans to go beyond the distribution business to expand its presence in the power generation market; it has announced plans to participate in the running of a power generation company in Nigeria. Moreover, the firm has also entered into an agreement with investment firm GT Capital Holdings to jointly build coal-fired power plants at four locations in the Philipines, including Mindanao. Meralco is also updating its existing power distribution facilities. Its total capital spending is projected to increase by 30 per cent year on year to around PhP 13 billion in 2013.
