Press Releases
MGEN Strengthens Commitment to Safe, Inclusive Workspace
MGEN officially inks its pledge of support as PFIP’s 109th member. Seen on the photo (from L-R) are: PFIP Training Consultant Jessley Bañas, PFIP Corporate Secretary and Trustee Ivan Garong, MGEN HR Head Dang Lopez, MGEN President and CEO Emmanuel V. Rubio, MGEN...
MGEN adopts IBM Maximo Application Suite to optimize asset management and accelerate energy generation goals
MGEN officially adopts IBM MAS to enhance operations and decision-making. Manila, June 26, 2025 – Meralco PowerGen Corporation (MGEN), a leading power generating company in the Philippines, today announced the adoption of, IBM (NYSE: IBM) Maximo Application...
MGEN Empowers Over 40,000 Beneficiaries through DepEd’s Brigada Eskwela 2025
MGEN volunteers share construction, and cleaning materials at Mandaluyong City in support of the Department of Education’s Brigada Eskwela 2025 25 June 2025 — Philippines — Meralco PowerGen Corporation (MGEN) has reaffirmed its commitment to inclusive development by...
MGEN, EvoEnergi Ink Power Supply Deals
MGEN and EvoEnergi seal two power supply agreements. Seen on the photo (from L-R) are MThermal President and CEO Jaime T. Azurin; MGreen President and CEO Dennis B. Jordan; MGEN President and CEO Emmanuel V. Rubio; Meralco Chairman Manuel V. Pangilinan; President...
MTerra Solar Project Advances with Nueva Ecija Governor Support
MGEN Team during the courtesy call on Nueva Ecija Governor Umali. From left to right: Nueva Ecija Provincial Administrator Jose Maria Ceasar "Joma" C. San Pedro; MGEN Head of External Affairs Maita David; MGreen President and CEO Dennis Jordan; Nueva Ecija...
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...