MANILA, Philippines - The Manila Electric Co. (Meralco) and Tokyo Electric Power Co. (Tepco) are continuing the exchange of technology and information to enhance service to their customers.
The two companies signed a Memorandum of Understanding for the information exchange.
Under the memorandum, Meralco and Tepco will exchange best practices that can lead to innovative energy solutions, which will positively impact electricity customers in both countries.
“The continuing partnership with Tepco is another milestone for the company as it opens opportunities for development to Meralco. This will further strengthen Meralco’s delivery of services to its customers,” Meralco president and CEO Oscar Reyes said.
Meralco senior vice president and head of Customer Retail Services and Corporate Communications Alfredo Panlilio as well as and Tepco executive General Manager Hideo Kojima were also present during the signing.
As a power distributor, Meralco has over 5.5 million customers. It is also known to pioneer energy solutions and innovations such as prepaid electricity Kuryente Load, E-Vehicles and Power Stations, and Meralco Virtual Engine (MovE) mobile application among others.
The company is also aiming to become a world-class Internet company in the long run and not just a power firm.
“The vision for Meralco is not just a power company but an Internet company with a power business,” said Manuel V. Pangilinan, chairman of Meralco and mobile giants PLDT and Smart Communications.
This, he said, is what he wants to achieve for Meralco in the long-term to respond to the changing business landscape in the Philippines as the country moves toward a digital future.
Tepco, on the other hand, has been in the energy industry for more than 60 years and is known to offer innovations such as next-gen car battery.