MANILA, Philippines – Manila Electric Co. (Meralco), the country’s largest power distributor, expects about P3.6-billion additional revenues from the locators in the 120-hectare Entertainment City project of the Philippine Amusement and Gaming Corp., a company official said.
Meralco senior vice-president and head for customer retail services Al Panlilio said upon full operations, more than P300 million per month in gross revenues can be generated from the hotel and resort facilities in the complex.
“Approximate numbers of gross revenues of more than P300 million and distribution revenues between P17 million to P23 million per month,” Panlilio said.
Meralco estimated that Entertainment City would need about 41.5 gigawatt-hours (gwh) per month from all Pagcor licensees.
The Entertainment City operators and their expected monthly power requirements are: Manila Bay Resorts (13 gwh); Resorts World Bayshore (22 gwh); Belle Grande (2.5 gwh); and Solaire Resort and Casino (four gwh).
Meralco has already sought approval from the Energy Regulatory Commission (ERC) to build a 2.4-kilometer, 115-kilovolt (kV) substation with two 83 mega-volt amperes power transformers worth P1.15 billion.
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“We should have the substation ready by September 2014,” Panlilio said.
Without the substation, Meralco said there may be critical loading of existing transformers in the area by 2014 and possibly an overloading by 2015.
From January to June this year, Meralco’s consolidated volume of energy sold rose to 16,863 gwh, four percent higher than the volume sold a year ago.