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President Marcos extends Meralco's franchise by 25 years, aiming to improve and expand energy infrastructure in the Philippines.
President Ferdinand Marcos Jr. has extended Manila Electric Company (Meralco)'s franchise by 25 years, allowing for long-term energy infrastructure improvements and network expansion.
Meralco's chairman thanked the president, stating the extension would enhance service delivery and modernization.
The franchise renewal was approved by both houses of Congress, despite one senator's dissent over past billing issues.
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El presidente Marcos prolonga la franquicia de Meralco por 25 años, con el objetivo de mejorar y expandir la infraestructura energética en Filipinas.