Meralco PowerGen Corp. (MGen) is exploring real estate investment trust (REIT) options to unlock more value from its renewable energy projects. MGen President and Chief Executive Officer Emmanuel Rubio said in an interview that a REIT—which allows companies to generate steady income from real...
Meralco PowerGen Corporation (MGen), the power generation arm of Manila Electric Company (Meralco), announced that its subsidiary, PacificLight Power Ltd. (PLP), is on track to begin operations of its additional 100-megawatt Fast Start gas turbine capacity this quarter. MGen stated that PLP is set...
Manila Electric Co.’s (Meralco) power generation arm, Meralco PowerGen Corp. (MGen), is targeting to commence electricity supply from its 1,200-megawatt Atimonan coal plant by 2029 or 2030, subject to government approval. Speaking to reporters on the sidelines of the Meralco Giga Summit 2025,...
The Department of Energy (DOE) has warned of potential supply strains if Excellent Energy Resources Inc.’s (EERI)’s natural gas plant faces a delay in power delivery. In a media briefing on April 14, Energy Assistant Secretary Mario Marasigan said that EERI, a joint venture between Meralco...
Meralco PowerGen Corp.’s (MGen) renewable energy (RE) unit, MGen Renewable Energy Inc. (MGreen), has increased its clean energy capacity in the first quarter of 2025 with the inauguration of three solar plants. In a statement on Friday, March 28, MGen said it has switched on 152.7-megawatts...
To minimize the risk of potential power outages, the Department of Energy (DOE) urged consumers in Luzon to practice energy conservation as two natural gas power generation facilities are set to shut down from March 29 to March 31. In a statement on Friday, March 28, the DOE reported that the...
SP New Energy Corporation (SPNEC), a solar power producer controlled by Manila Electric Company (Meralco) through Meralco Power Gen Corporation (MGen), looking at developing another massive solar farm in Southern Luzon. In an interview, Meralco Chairman Manuel V. Pangilinan said SPNEC is putting up...
ILOILO CITY – A subsidiary of Meralco PowerGen Corp. (MGen) is providing a P16.45-million lighting system for a football field in this city – La Paz Plaza Football Ground in La Paz District. JAIME T. Azurin, president of Global Business Power Corp., a wholly owned subsidiary of Meralco PowerGen...
Project sponsor-firm MGen Renewable Energy Inc. (MGreen), which is a subsidiary of Meralco PowerGen, has cemented a deal with affiliate Meralco Industrial Engineering Services Corporation (MIESCOR) for some construction components in the conglomerate’s $4.0 billion Terra Solar project. In a...
Pangilinan-led Manila Electric Company is gaining a firmer control over SP New Energy Corporation (SPNEC) by raising its interest to 50.5 percent with the acquisition of an additional stake worth P7.5 billion from its founder Leandro Leviste. Meralco PowerGen Corporation (MGen) is buying another...
Meralco PowerGen Corporation, the power investment arm of Manila Electric Company, is eyeing to secure approval from the Philippine Competition Commission (PCC) on the triarchy deal that it sealed for the $3.3 billion integrated liquefied natural gas (LNG) project in Batangas province. MGen...
Meralco PowerGen Corporation, the power generation investment arm of Manila Electric Company (Meralco), has shortlisted two bidders for the transmission connection that will transport the capacity of its P190 billion Terra Solar project upon reaching commercial operations by 2026. MGen President...
