Meralco still in talks with DMCI, Marubeni on Batangas facility

The Manila Electric Co. (Meralco) on Monday clarified that no definite agreement has yet been reached DM Consunji Inc. (DMCI) and Marubeni Corp. a power plant in Batangas.

In a disclosure to the Philippine Stock Exchange (PSE), Meralco noted that, “We would like to confirm that Meralco is in preliminary discussion with DMCI and Marubeni to build a 2x350 MW power plant in Batangas province with the clarification that no definitive agreements have been made between the parties. We will apprise the exchange for any development in this matter.”