Meralco’s Clark unit seeks ERC approval for P258-M capex

Clark Electric Distribution Corp. (CEDC) is seeking approval from the Energy Regulatory Commission (ERC) for its capital expenditure program for 2018 amounting to around P258 million.
CEDC, a unit of the country’s biggest power distribution utility Manila Electric Co., placed the bulk of the outlay at P125 million for the implementation of its enterprise asset management system.
In its application, the company listed a number of “residual” projects, the biggest of which is allocated for the growth of its consumer metering network. The cost of putting up meters, instruments and metering transformers was placed at P29.98 million.
The spending program is meant “to ensure reliable operation of its distribution network and continuous distribution service and connection to meet the growing and future needs of its more than 2,000 industrial, commercial and residential customers inside the CSEZ,” the company said.
Ahead of the final approval of its proposed capex program, CEDC is asking the ERC to grant provisional authority to implement its projects for 2018.
CEDC, a joint venture between Angeles Electric Corp. and Meralco, distributes power at the economic zone through its three substations with a total capacity of 131 megavolt ampere. — Victor V. Saulon