Press Releases
PH Renewables grants a livelihood starter kit for the benefit of former rebels
EMPOWERMENT THROUGH LIVELIHOOD. Balai Café Enterprise members with PHRI representatives led by Site Head Engr. RJ Rivera and CSR Luzon Head Jason Gavina, and AFP Lt. Col. Erwin Commendador. Balai Café is located at Sitio Galaxy, Barangay Pinugay, Baras, Rizal which is...
PH Renewables secures Php 2.65B loan facility for its 75 MW solar project
(From L-R) Mr. Raoul Santos, RCBC -Trust Group SVP; Mr. Jose Luis Gomez, RCBC Capital President and CEO; Ms. Elizabeth Coronel, RCBC EVP and Corporate Banking Group Head; Mr. Eugene Acevedo RCBC President and CEO; Mr. Jaime Azurin MGEN President and CEO; Mr....
MGreen and Vena Energy commemorate the development in Ilocos Norte solar project
Time Capsule Laying: (Left to Right) Currimao Mayor Edward Quilala; Vena Energy Business Development General Manager Mia Jarumayan; Ilocos Norte Governor Matthew Marcos Manotoc; Ilocos Norte Vice Governor Cecilia Araneta-Marcos; Samrinder Nehria, Head of Vena Energy...
Atimonan One Energy wins Excellence Awards in 19th Quill Awards
Members of Atimonan Coastal Food Producers Cooperative preparing Aplaya Spanish Sardines Dr. Richard Argullla, Municipal Heath Officer of Atimonan, Quezon during his Kaisa sa Kalusugan radio interview about the COVID-19 situation in the municipality. Atimonan...
GBP supports Brigada Eskwela 2022
Global Business Power Corporation (GBP), through subsidiaries Panay Energy Development Corporation (PEDC) and Panay Power Corporation (PPC), joins this year’s Brigada Eskwela kick-off with the theme , ‘’Brigada Eskwela: Tugon sa hamon ng ligtas na balik-aral’’. The...
In the News
Meralco cleared to start operations of Quezon plant
Danessa Rivera | The Philippine Star MANILA, Philippines — The power generating unit of Manila Electric Co. (Meralco) has secured regulatory approval to proceed with the commercial operations of its coal-fired power plant in Quezon. The Energy Regulatory...
Quezon power plant gets nod to operate
by Alena Mae S. Flores | Manila Standard Today The Energy Regulatory Commission issued San Buenaventura Power Ltd. a provisional authority to operate its power plant with 500 megawatts of baseload capacity in the Luzon grid. Meralco PowerGen Corp. president Rogelio...
MGreen solar projects get funding
By MEANNE ROSALES | Power Philippines RENEWABLE ENERGY ARM OF MGEN MGREEN HAS ACQUIRED AN EQUITY FUNDING WORTH P424 MILLION THAT WILL BE USED FOR THE DEVELOPMENT OF SOLAR PROJECTS, WITH AN OVERALL CAPACITY OF 210 MW. The total project cost is around P10...
Meralco to develop P10-B solar projects
BY JORDEENE B. LAGARE | Manila Times MANILA Electric Co. (Meralco) is set to implement various solar power projects with an estimated cost of P10 billion. To bankroll these projects, Meralco’s board of directors on Monday approved infusing an equity funding worth...
Meralco unit gets P400M funding for RE projects
By Angelica Ballesteros | The Daily Tribune The renewable energy (RE) arm of power distribution giant Manila Electric Company (Meralco) is looking to develop P10-billion worth of solar projects. In a disclosure to the stock exchange on Tuesday, Meralco said its...
Meralco injecting P10-B equity into 210-MW solar projects
By Myrna M. Velasco | Manila Bulletin The power generation arm of Manila Electric Company (Meralco) will be injecting P424.2 million worth of equity investments in initial 210 megawatts of solar projects that will command total capital outlay of P10.01 billion. The...
MGEN gets P424M funding
By Malaya Business Insight MGEN Renewable Energy Inc. (MGreen) has secured P424 million worth of equity funding that will be used to invest in various solar projects under development with a combined capacity of 210 megawatts (MW) and total combined project cost of...
Meralco infusing P424 million into green unit
By Danessa Rivera | The Philippine Star MANILA, Philippines — Manila Electric Co. (Meralco) is pouring in P424 million in the renewable energy unit of power generation arm Meralco Powergen Corp. (MGen) to finance its pipeline of solar project developments. In a...
Meralco to invest P424 million in MGreen’s solar power projects
By Victor V. Saulon | BusinessWorld MANILA Electric Co. (Meralco) said on Tuesday that its board of directors had approved the request of a subsidiary’s unit for a P424.2-million equity funding for its solar projects under development with a combined capacity of...
Meralco gets funds for solar power projects
By Ronnel W. Domingo | Philippine Daily Inquirer MGen Renewable Energy Inc. (MGreen), part of the Meralco group, has secured P424 million in equity funding from Manila Electric Co. for investments in various solar power projects that are now being developed. MGreen is...