Press Releases
MGreen awards EPC contract for solar projects in Isabela and Nueva Ecija
MGen Renewable Energy, Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corporation (MGen), recently signed the Engineering, Procurement, and Construction (EPC) contracts for its solar power plant projects in Cordon, Isabela and Bongabon, Nueva...
MGen units support Brigada Eskwela 2023
MGen-GBP volunteers repainting the school gate and fence. Fully embracing its commitment to community development, Meralco PowerGen Corporation-Global Business Power Corporation (MGen-GBP), through subsidiaries Panay Energy Development Corporation (PEDC) and Panay...
BulacanSol promotes renewable energy among Bulacan students
Students from BulacanSol host community visited the solar power plant facility. BulacanSol recently conducted informative energy talks for students in San Miguel, Bulacan to promote better familiarization about diverse energy sources. The program, dubbed as...
Atimonan One Energy fosters skills excellence among CSO leaders
Rev. Fr. Severino “Rekto†Hernandez sharing pointers on character development during the leadership and communication skills training for members of Civil Society Organizations in Atimonan. Atimonan One Energy, Inc. (AE), a subsidiary of Meralco PowerGen...
MGreen subsidiaries launch Basura-Palit-Gamit-Eskwela program
MGen Renewable Energy, Inc. (MGreen)—the renewable energy arm of Meralco PowerGen Corporation (MGen)—recently launched the Basura-Palit-Gamit Eskwela program to its host communities to instill environmental awareness among Filipino students. Anchored on One...
In the News
JG Summit, MPIC sell stakes in GBP to Meralco PowerGen
By Sunstar Cebu LISTED firm JG Summit Holdings Inc. and Metro Pacific Investments Corp. announced Wednesday, Dec. 23, 2020 the signing of agreements with Meralco PowerGen Corp., a wholly owned generation subsidiary of Manila Electric Company, to transfer their...
Meralco Powergen acquires 100% of Global Business Power
By Bilyonaryo.com JG Summit Holdings Inc. and Metro Pacific Investments Corp. (MPIC) are consolidating their power businesses under a single entity to increase operational efficiency and create scale. Based on filings with securities regulators, JG Summit and...
Meralco PowerGen to take over Global Business Power Corp.
By Jon Viktor D. Cabuenas | GMA News Meralco PowerGen Corporation (MGen), a wholly-owned generation subsidiary of the Manila Electric Co. (Meralco), is set to fully acquire and take over Global Business Power Corporation (GBP), a leading power producer outside...
Meralco PowerGen absorbs, buys out 100 pct of Global Business Power
By ABS-CBN News MANILA - Meralco's power generation firm PowerGen Corp (MGen) has acquired 100 percent ownership of Global Business Power Corp (GBP) in a move to organize the group's power assets. MGen signed agreements with JG Summit Holdings and Beacon...
MGen poised to take full control of Vis-Min power producer
By RONNEL W. DOMINGO | Philippine Daily Inquirer Meralco PowerGen Corp. (MGen) signed agreements with a firm under the Manuel Pangilinan-led group as well as JG Summit to fully own Global Business Power Corp. (GBP), for a combined transaction worth about P34.4...
Meralco PowerGen buys GBP for P34B
By Maria Romero | The Daily Tribune The group of businessman Manuel V. Pangilinan, through Meralco PowerGen Corporation (MGEN), fully acquires tycoon George Ty’s power company, Global Business Power Corporation (GBP), for P34 billion. In a disclosure on...
Meralco unit buys 86% stake in GBP
By Jordeene B. Lagare | Manila Times Meralco PowerGen Corp. (MGen), the power generation unit of Manila Electric Co. (Meralco), acquired 86 percent stake in Global Business Power Corp. (GBP). MGen signed on Wednesday the signing of share purchase agreements...
Meralco PowerGen acquires 86% in affiliate firm GBPC for P34.47-B
by Myrna M. Velasco | Manila Bulletin Meralco PowerGen Corporation (MGEN), a power generation investment subsidiary of Manila Electric Company (Meralco) has acquired 86-percent shareholdings of affiliate firm Global Business Power Corporation (GBP) for P34.466...
MGen takes full ownership of GBP
By The Philippine Star MANILA, Philippines — Gokongwei-owned JG Summit Holdings Inc. and Pangilinan-led Metro Pacific Investments Corp. (MPIC) are consolidating their power sector investments under Manila Electric Co. (Meralco). Under the plan, JG Summit and...
Meralco takes full control of Global Business Power
By Alena Mae S. Flores Manila Standard Manila Electric Co. said Wednesday wholly-owned unit Meralco PowerGen Corp. will take full ownership of Global Business Power Corp. after acquiring an additional 86-percent stake for P34.466 billion. Meralco said in a...