MVP vs. EKR for Batelec II

Manuel V. Pangilinan-led Manila Electric Co. (Meralco) is actively pursuing a joint venture (JV) to address power supply issues in Batangas, but anew contender has emerged as another company is now vying fora partnership with Batangas II Electric Cooperative (Batelec II).

- By GABRIELL CHRISTEL GALANG

Arnel Casanova, Meralco senior vice president and chief external and government affairs officer, stated on Monday, July 28, that their unsolicited proposal for a JV with Batelec II is still awaiting a decision.

Meralco submitted its offer last August, but Casanova revealed that Enrique K. Razon Jr.-led Primelectric Holdings Inc. (PHI) has also expressed interest in Batelec II.

“There’s another entity—Prime Electric is also interested,” he told reporters. “After that, we wrote them a letter clarifying.”