A growing number of industry groups have manifested support for the proposed legislative measures pushing for the renewal of the franchise of the Meralco for another 25 years.
The Makati Business Club , the Management Association of the Philippines , the Federation of Philippine Industries, Inc. , the British Chamber of Commerce of the Philippines , were among the groups that called for the grant of a fresh authority to operate for Meralco, which services the country’s key economic hub Metro Manila and neighboring areas.
For the FPI, renewing Meralco’s franchise will ensure stability needed for local industries to grow further. “Meralco has established itself as a reputable company aimed at providing quality and affordable energy service to millions of Filipinos,” it said. The IBPAP meanwhile highlighted Meralco’s key role in the growth of the country’s IT and Business Process Management sector.