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Meralco bares green energy targets; find out what they are


(Photo by Karsten Wurth/ Unsplash)
This was learned during a recent virtual forum on multi-sector integration of so-called environment, social, and governance (ESG) principles in order to achieve green economic recovery amid the coronavirus disease (COVID-19) pandemic.
“We are starting to gain momentum in our shift towards cleaner and greener energy,” declared Meralco Vice President and Chief Sustainability Officer Raymond Ravelo during the forum, which was attended by representatives of major corporations and pro-environment groups.
“In the next five years we look to ‘greenify’ our supply portfolio by securing 1,500 megawatts (MW) of clean energy contracts,” Ravelo said.
Incidentally, a subsidiary of Meralco in Atimonan One Energy (A1E) is behind the proposed 1,200-MW coal-fired plant in Quezon province which environmental activists have been blocking for years. Coal is considered by many as a dirty energy source. ....

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