POWER distributor Manila Electric Company (MERALCO) expressed optimism that they wil be able to reach a core net income of P40 billion forthe year 2024.

They expressed belief that they can sustain the growth of their recorded for their bottom line in the first quarter of the year.

Meralco chairman and chief executive officer Manuel V. Pangilinan noted that they are optimistic that they will be able to sustain the growth for the coming months.

“As we continue to deliver stable and reliable service to our customers, we reiterate our pursuit to bring in projects of scale that will boost available generation capacity which we direly need to ensure not just the immediate, but the long-term energy security of the country,” Pangilinan said.

Meralco had said that they are looking for a full feasibility study on the possible adoption of a nuclear energy in the country, after working with Ultra Safe Nuclear Cooperation (USNC) for a pre-feasibility study on micro-modular rectors (MMRs).

“Similarly, we will endeavor to implement more sustainable initiatives to cater to more underserved communities in the country. Given the foregoing, Meralco’s CCNI for the full year is expected to reach over P40.0 billion,” Pangilinan said.