The Manila Electric Co. (Meralco), through its local retail electricity supply subsidiary, MPower, has renewed and expanded its partnership with the Gokongwei Group.
Under the new contract, MPower is expanding its service to a number of JG Summit companies, namely Robinsons Land Corp., Cebu Pacific, Universal Robina Corp., JG Summit Olefins Corp., and RL Commercial REIT Inc., Meralco said in a statement on Monday.
The parties did not specify the capacity and rates involved in the partnership. It only mentioned that the expansion will also cover Robinsons Supermarket Corp., the supermarket chain under Robinsons Retail Holdings Inc.
“This agreement goes beyond securing a reliable power supply, it represents our collective commitment to sustainability and innovation,” Lance Gokongwei, JG Summit Holdings president and chief executive officer (CEO), said.
He said MPower will be able to integrate 60 percent of renewable energy solutions to their current operations.
“This is a meaningful step forward in our journey to reduce our environmental impact while continuing to serve Filipino communities through our businesses,” Gokongwei added.
The Gokongweis – Meralco partnership started in 2013 when MPower first supplied electricity to key companies under the JG Summit umbrella.
Meralco chairman and CEO Manuel V. Pangilinan said “our two groups have shared more than just business interests over the years; we’ve shared a deep commitment to nation-building, innovation, and service to the Filipino people.”
“Through all the changes, one conviction has remained constant: that companies like ours must do more than generate value – we must create impact,” he added.
