About Us

Meralco PowerGen Corporation is a wholly-owned subsidiary of the Manila Electric Company (Meralco)

Overview

Meralco PowerGen Corporation (MGen) is incorporated to engage in the power generation business by pursuing the development and construction of cost-competitive and highly efficient power plants that will ensure adequate, reliable and affordable supply for electricity consumers.

The company aims to build a diversified power portfolio of up to 3,000 megawatts (MW) from now until 2020through a strong environmental stewardship and fuel selection driven by availability, reliability and cost-competitive price to the system.

This is part of an overall strategy to ensure that power generation is sustainable, efficient and maximized especially given growing on power supply security in the coming years.

MGEN is a wholly-owned subsidiary of the Manila Electric Company (Meralco), the largest electric distribution utility in the Philippines.

With over five million customers, the parent company accounts for nearly 75% of electricity sales in Luzon, which accounts for about 70% of the country’s gross domestic product.

In the Philippines as a whole, Meralco corners about 55% of total electricity sales in the Philippines and 50% of the total manufacturing output in the Philippines.

For more details on Meralco, please visit the Meralco website

Mission

Pursue the development and construction of cost-competitive and reliable power plants to ensure the provision of adequate, reliable and affordable power to customers in the Meralco franchise area and other areas.

Vision

Be a leading player by 2020 not only in the Meralco franchise area but in the country’s power industry as a whole.

 

History

Meralco PowerGen Corporation (MGen) is one of the newest players in the Philippine power generation industry. Though MGen was only established in 2010, the industry is hardly new ground.

Meralco was the country’s oldest and largest power generator until it relinquished and transferred its power plants in favor of the National Power Corporation in the 1970’s. Prior to such transfer, it owned several power plants in Metro Manila including the Blaisdel, Tegen, Sucat, Malaya and the famed Rockwell plants.

Meralco continued to be the country’s oldest and largest electricity distributor, its core business since the divestment of its power generation assets.

Following the nationwide power crisis of the late 1980’s and early 1990’s, private sector participation in power generation was aggressively encouraged by the government. While Meralco continued to focus on its core distribution business, it also decided to re-enter the power generation business.

In 2010, MGen was formed with a management team composed of Filipino and expatriate executives with extensive experience in power generation projects across the United States, China, Asia, Europe, and the Middle East.

For Meralco, producing power is a strategic move that transforms the company from being a pure price-taker to a source of competitively-priced electricity. It is also just going back to its roots because when you look at history, the company started as a power generator and an electric service distributor.

For more information, please click on the link: Meralco history

Corporate Social Responsibility

Meralco PowerGen Corporation seeks to establish good stakeholder relations through various corporate social responsibility (CSR) programs implemented through its power projects located across the country.

As a member of the Meralco Group, MGen’s CSR programs are guided and implemented in cooperation with the One Meralco Foundation, the Group’s CSR arm.

For more information, please click on the link: One Meralco Foundation