Manila Electric Co - Company Profile
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Manila Electric Co (Meralco), a subsidiary of First Pacific Co Ltd, conducts the distribution and supply of electricity in the Philippines. Diversified portfolio of power generation assets, market leadership and operational capabilities are its major strengths, even as litigation and increase in debt could be causes for concern. The company could benefit from clean energy technology manufacturing, growth initiatives and contracts and agreements. However, stringent regulations, volatility in electricity prices, and seasonal variations and climatic conditions could pose challenges to the company.
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