MANILA  -Power distributor Manila Electric Co. (Meralco) saw its earnings grow by 47 percent to P19.1 billion in the first half of the year driven by the strong performance of its power generation business alongside record-high sales. According to the company, consolidated energy sales volume grew by 3 percent to 24,792 gigawatt-hours (GWh) from 23,968 GWh the previous year as demand recovered in the commercial and residential segments. Meralco PowerGen Corp. (MGen), a wholly owned power generation unit, contributed P6 billion, which is significantly higher than the P2.

https://business.inquirer.net/413318/generation-units-sales-powered-meralco-earnings-by-47-in-h1

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