MANILA Electric Co. (Meralco) has acquired its subsidiary Meralco Industrial Engineering Services Corp. (MIESCOR) tapped to connect the P200 billion Terra Solar project to the Luzon grid.
MIESCOR has signed a contract with Terra Solar Philippines, Inc. (TSPI) to design and build critical infrastructure that will connect the solar power plant to the electric grid, the company said in a statement Thursday.
The connection will ensure the supply of the energy it would generate once the project becomes operational.
It includes a 34.5/230/500 kilovolt (kV) main collector substation, two 34.5/230 kV photovoltaic satellite collector substations and two 230 kV dual circuit transmission lines.
“The project, formalized by the signing of our contract with Terra Solar Philippines, Inc., is already underway,” said Richard O. Ochava, president and CEO of MIESCOR.
TSPI is developing a 3,500 megawatt solar power plant and a 4,000 megawatt hour energy storage system. It is expected that more than five billion kilowatt hours of electricity will be generated annually.
The first phase of the project is expected to be completed in 2026, while phase 2 is expected to take place in 2027.
MIESCOR is the engineering, purchasing, construction and operations department of Meralco. The company and its subsidiaries provide expertise in engineering, procurement and construction; utility distribution and pole fastening services; telecommunications services and infrastructure; logistics and facilities management; and trade in electrical supplies and equipment.
Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partially owned by PLDT Inc.
Hastings Holdings, Inc., a part of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in Business world through the Philippine Star Group, which it controls. — Heroes Joy Talavera