Press Releases
MGreen’s Terra Solar Project gets BOI’s Green Lane Certificate
In line with the Philippine government’s thrust for a more diversified and balanced energy mix to address the nation's energy security concerns, the Board of Investments (BOI) has given MGEN Renewable Energy, Inc. (MGreen), the renewable energy arm of Meralco PowerGen...
Energy Executive Emmanuel V. Rubio takes the helm as President of Meralco’s Power Generation Unit
Meralco PowerGen Corporation (MGen), the power generation investment unit of Manila Electric Company (Meralco), has officially appointed energy executive Emmanuel V. Rubio as its President and Chief Executive (CEO) Officer starting July 1, 2024. Rubio brings a wealth...
MGreen units secure funding for solar projects in Isabela and Nueva Ecija
Units of MGen Renewable Energy, Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corporation (MGen), successfully secured funding for two of its solar power plant projects. These projects have a combined capacity of 67.75 megawatts AC (MWac) of renewable...
MGreen’s Greenergy for Global Inc. kicks off solar power plant project in Isabela
Greenergy for Global, Inc. (GGI) celebrated the ceremonial kickoff of its 49 MWac solar power plant in Cordon, Isabela last February 24, 2024. GGI, a subsidiary of MGen Renewable Energy Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corporation...
MGreen unit breaks ground for solar power plant in Nueva Ecija
Greentech Solar Energy, Inc., (GSEI) marked a significant milestone as it broke ground for its 18.75 MWac solar power plant in Bongabon, Nueva Ecija last February 21, 2024. GSEI, a subsidiary of MGen Renewable Energy Inc. (MGreen), the renewable energy arm of...
In the News
DoE accepts bids for potential
BY Maria Romero | The Daily Tribune The Department of Energy (DoE) said it has started accepting bids for 22 predetermined areas for potential geothermal and hydropower resources to accelerate the country’s renewable energy (RE) development. In its 3rd Open and...
50-MW Bulacan solar project to open in Q1
BY Alena Mae S. Flores | Manila Standard Meralco PowerGen Corp., which took a majority stake in PowerSource First Bulacan Solar Inc., expects the completion of a 50-megawatt solar power plant in the first quarter. Manila Electric Co. said in a disclosure to the...
MGen sets aside P159M for bigger stake in solar unit
By: Ronnel W. Domingo | Philippine Daily Inquirer The power generation arm of Manila Electric Co. (Meralco) has earmarked P158.95 million to secure a controlling interest in an affiliate that is building a solar farm in Bulacan province. Meralco said in a...
Meralco’s MGen takes control of Bulacan solar firm for P159M
By BusinessWorld MERALCO PowerGen Corp. ( MGen) has gained control over a solar energy company in Bulacan by acquiring its co-owner’s shares for P158.95 million, its parent fi rm Manila Electric Co. ( Meralco) told the local bourse on Thursday. In a regulatory...
Meralco unit buys stake in PFBSI
By Lorenz S. Marasigan | Business Mirror The power generation arm of Manila Electric Co. (Meralco) said on Thursday it spent P158.95 million to acquire a 20-percent shareholding in PowerSource First Bulacan Solar Inc. (PFBSI), a company that is currently...
Meralco subsidiary buys 20% stake of Singaporean solar project partner
by Elisor Recide | Manila Bulletin Meralco PowerGen Corporation (MGen), the power generation investment arm of Manila Electric Company, has acquired 20-percent of the shareholdings held by its Singaporean firm-partner Sunseap in the 50-megawatt PowerSource...
Meralco unit buys stake in PFBSI for P159M
By Jordeene B. Lagare | Manila Times The power generation arm of the Manila Electric Co. (Meralco) is acquiring a 20-percent stake in PowerSource First Bulacan Solar Inc. (PFBSI) for P159 million. In a disclosure of Thursday, the listed electricity distributor...
PHL needs a clear energy transition plan
By Business Mirror Editorial Will the pandemic lead to social revolts? Recent reports on vaccines working effectively make us optimistic about the Philippine economic forecast in 2021. Effective vaccines will help ignite faster economic recovery. Government has...
PSE suspends Meralco’s trading of securities amid pending acquisition
BY Angelica Y. Yang | BusinessWorld THE LOCAL bourse on Monday suspended the trading of securities of Manila Electric Co. (Meralco), which earlier announced its unit Meralco PowerGen Corp.’s (MGen) intention to acquire 100% ownership of Global Business Power...
Meralco says sale price of GBPC is fair, reasonable
By Alena Mae S. Flores | Manila Standard Manila Electric Co. said Monday the acquisition price of P34.466 billion that wholly-owned unit Meralco PowerGen Corp. paid for the 86-percent stake in Global Business Power Corp. is “fair and reasonable.” Meralco said...