Meralco is the largest private electricity distributor in the Philippines, servicing over 3.4 million customers in Greater Manila. Its power sales account for 60% of the countrys consumption, as a result of the high concentration of industrial activity and development in and around the Philippine capital in recent years.

Unión Fenosa, through its international subsidiary Unión Fenosa ACEX, has been co-operating with Meralco since January 1995 on the so-called Meralco Transformation Project, an ambitious initiative targeting comprehensive modernisation of the entire company.

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