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Manila Electric Co. (Meralco), the country’s largest power distributor, and Hong Kong-based investment holding First Pacific Co. Ltd., are eyeing to borrow from lenders to fund their S$600-million ($488 million) acquisition of a Singaporean power firm, a top executive said.

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The Manila Electric Co. (Meralco) has agreed to join Hong Kong’s First Pacific Company Ltd., through subsidiary Meralco PowerGen Corp., “to take 70 percent interest together in a Singapore power project using a joint venture company.”

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Manila Electric Co. (Meralco), the country's largest power distributor, is expanding its business abroad for the first time through a Singapore $600-million acquisition of Singaporean power firm.

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FIRST PACIFIC AND MERALCO

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Manila Electric Co. (Meralco), the country’s largest power distributor, and Hong Kong-based investment holding First Pacific Co. Ltd., are eyeing to borrow from lenders to fund their S$600-million ($488 million) acquisition of a Singaporean power firm, a top executive said.

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abtest

Meralco, First Pac likely to borrow for Singapore venture

By Iris Gonzales | March 13, 2013 - 12:00am

Manila Electric Co. (Meralco), the country’s largest power distributor, and Hong Kong-based investment holding First Pacific Co. Ltd., are eyeing to borrow from lenders to fund their S$600-million ($488 million)...

Business

Meralco expands in Singapore

March 5, 2013 - 12:00am

The Manila Electric Co. (Meralco) has agreed to join Hong Kong’s First Pacific Company Ltd., through subsidiary Meralco PowerGen Corp., “to take 70 percent interest together in a Singapore power project...

Headlines

Meralco expands in Singapore

By Neil Jerome C. Morales | March 4, 2013 - 9:00pm

Manila Electric Co. (Meralco), the country's largest power distributor, is expanding its business abroad for the first time through a Singapore $600-million acquisition of Singaporean power firm.

Business