Press Releases
MGEN Switches-On 52.8 MW Solar Power Facility in Isabela
MGreen Cordon Solar in Barangay Capirpiriwan, Cordon, Isabela. This 52.8 MWac solar facility is one of the biggest operational solar plants in the whole of Region 2 under the second Green Energy Auction (GEA II) program of the DOE and will provide clean energy to over...
MTerra Solar Forms Partnership for Community Development in Nueva Ecija
Partnerships for community development in Nueva Ecija. Seen on the photo (from L-R) are MPA Director Marc Lester Malibiran, MPA Executive Director Ian Colorina, MGreen and MTerra Solar President and CEO Dennis B. Jordan, Gapan City Mayor Emary Joy Pascual, MTerra...
MGEN Energizes 19.8 MWac Solar Power Plant in Bongabon, Nueva Ecija
MGreen Bongabon Solar in Barangay Pesa, Bongabon, Nueva Ecija. A 19.8MWac solar facility that is expected toprovide clean energy to at least 20,000 homes. This is the first GEA-2 project of the Department of Energy (DOE) to becompleted ahead of schedule. ...
MGEN, SMGP, and AP Complete Energy Deal for the Philippines’ First Integrated LNG Complex
Meralco PowerGen Corporation (MGEN) together with San Miguel Global Power Holdings (SMGP), and Aboitiz Power Corporation (AP) through its subsidiary, Therma NatGas Power, Inc. (TNGP) have completed the financial close of a US$3.3 billion partnership which involves the...
MGEN subsidiary PacificLight Power awarded 600 MW CCGT plant, to be operation by 2029
Metro Manila, Philippines, 3rd January 2025 – Manila Electric Company (“Meralco”) announces that its power generation arm, Meralco PowerGen Corporation (“MGEN”), through its subsidiary PacificLight Power Pte Ltd (“PLP”), has been awarded the right to build, own, and...
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...