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Byline: Doris C. Dumlao
THE COUNTRYS BIGGEST power retailer Manila Electric Co. may soon invest in its own power generation facilities in order to become an integrated power utility.
Meralco is considering building its own power plant using the regulatory leeway which allows it to buy up to 50 percent of the electricity it sells from affiliates, according to Manuel Pangilinan, managing director of First Pacific Co. Ltd., which controls the single biggest stake in Meralco.
Pangilinan said his group was supportive of Meralcos plan to go into power generation.
We have encouraged Meralco to consider making an investment in generation. If you recall in …