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Philippines: Antitrust body okays BCDA, Meralco deal

By  |  July 3, 2019

The Philippine Competition Commission greenlighted the proposed joint venture between state-owned corporation Bases Conversion and Development Authority (BCDA) and a consortium led by Manila Electric Company to manage the distribution of electricity in New Clark City.

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    Last April, Meralco and its consortium partners—Marubeni Corporation, Kansai Electric Power, and Chubu Electric Power—inked a deal with the BCDA to build and operate a “smart distribution electricity infrastructure” in New Clark City for an initial period of 25 years.

    In a decision dated June 25 but made public on Wednesday, July 3, the country’s antitrust regulators said the transaction “will not likely result in substantial lessening of competition.”

    Full Content: Phil Star

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