previous arrow
next arrow
Slider

Press Releases

MGen site activities suspended

In line with President Rodrigo Duterte’s order on the enhanced community quarantine in Luzon amid the COVID-19 pandemic, Meralco PowerGen Corporation (MGen) would like to announce that activities at sites owned by its project companies have been suspended since...

read more

MGreen gets funding for solar projects

MGEN Renewable Energy, Inc. (MGreen) has secured equity funding amounting to P424 million that will be used to invest in various solar projects under development. These solar projects have a combined capacity of 210 megawatts (MW) and total combined project cost of...

read more
Meralco to Invest in 1,000MW Green Energy Projects

Meralco to Invest in 1,000MW Green Energy Projects

MERALCO POWERGEN PRESIDENT AND CEO ROGELIO L. SINGSON AND MERALCO PRESIDENT AND CEO ATTY. RAY C. ESPINOSA   Manila, Philippines (June 5, 2019) – Manila Electric Co. (MERALCO) today announced a significant expansion of its plans to invest in renewable energy...

read more

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...

read more

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...

read more

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...

read more

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...

read more

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...

read more

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...

read more

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...

read more

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...

read more