Press Releases
A1E, E-Sakay turn over e-jeep to Quezon LGU
Atimonan Mayor Rustico Joven Mendoza onboard the electric jeepney turned over by A1E and eSakay. Residents in Atimonan in Quezon province will have an alternative means of going around after the local government unit (LGU) received a new e-vehicle that will...
MGen site activities resume as govt eases quarantine restrictions
Site activities of Meralco PowerGen Corporation (MGen) project companies have resumed following the easing of quarantine restrictions being imposed by the Philippine government amid the COVID-19 pandemic. These activities were suspended on March 18 after Luzon was...
RP Energy teams up with One Meralco Foundation to support PRC’s COVID-19 fight
In The Photo (L-R): Vilma Feji, PRC-Olongapo Chapter Administrator, Wilma Eisma, SBMA Chairperson and Administrator, Jason Gavina, RP Energy CSR Manager and Jeffrey Tarayao, One Meralco Foundation President Redondo Peninsula Energy, Inc. (RP Energy), through...
INFOGRAPHIC: A1E, technical partners support fight against COVID-19
MGen, project companies support the fight against COVID-19; turn over PhP1.5 Million worth of goods to Quezon province
MGen and SBPL on May 1 turned over PhP1.5 Million worth of relief support to Quezon Provincial Government. In the photo are Patrick Collantes of MGen/A1E, Ma. Christina Talavera of the Office of Gov. Danilo Suarez, and Chuckie Rivera of SBPL. Meralco PowerGen...
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...