Project in Asia
Power distribution and retail sales business in the Philippines
|Overview of the business|
|Project overview||Power Distribution and Retail Sales business for New Clark City(Note) in the Philippines|
|Project period||25 years|
|Sponsor||Chubu Electric Power (9%), Manila Electric Company (MERALCO) (54%), Marubeni Corporation (18%), The Kansai Electric Power (9%), the Bases Conversion and Development Authority in the Philippines (BCDA) (10%)|
（Note）New Clark City (NCC) is a large scale new city which BCDA is planning to develop at the vacant land of former Clark US Air Force Bases(9,450ha). NCC is nominated as one of the national projects, which seeks solutions of issue that Manila, capital city of the Philippines, is suffering from, such as traffic jam and high population density, aiming to increase number of residents to 1.2M and create 0.8M employments by 2065 through relocation of government facilities, construction of highways, etc.