MGen Renewable Energy Inc. (MGreen), through its subsidiary unit SP New Energy Corp. (SPNEC), announced that Singapore-based Actis Rubyred Pte. Ltd. has closed its investment stake in Terra Solar Philippines Inc. In a statement on Monday, March 17, Meralco PowerGen Corp. (MGen) reported that...
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...
Meralco PowerGen Corp. (MGen) is exploring a potential backdoor listing for its renewable energy (RE) unit, MGen Renewable Energy Inc. (MGreen). In a disclosure to the Philippine Stock Exchange on Friday, March 14, SP New Energy Corporation (SPNEC), an Meralco group subsidiary, stated that MGen is...
The Energy Regulatory Commission (ERC) has ordered Manila Electric Co. (Meralco) to refund nearly ₱20 billion to its customers within a three-year period. In a notice posted on Thursday, March 13, the ERC announced that Meralco is set to refund a total of ₱19.95 billion, which are costs from...
Ahead of its scheduled completion, MGen Renewable Energy Inc. (MGreen), the renewable energy (RE) unit of Meralco PowerGen Corporation (MGen), announced the activation of its solar power plant in Isabela. In a statement on Wednesday, March 11, MGen said the 52.8-megawatt (MW) MGreen Cordon Solar...
Manila Electric Company (Meralco) announced that residents will see a ₱0.2639 per kilowatt-hour (kWh) increase in this month’s billing. In a statement on Tuesday, March 11, Meralco reported that the overall rate for a typical household would be raised from ₱12.0262/kWh to ₱12.2901/kWh....
STRATEGIC PARTNERSHIP TO ADVANCE ENERGY INNOVATION. Meralco inked a memorandum of understanding with KEPCO for capability building, knowledge exchange, and research and development in the energy sector. Seen in photo are (from left) Meralco Executive Vice President and Chief Operating Officer,...
Manuel V. Pangilinan-led Manila Electric Company (Meralco) reported that the emergency power supply agreement (EPSA), which secures backup electricity for potential supply interruptions, is set to conclude in 2026. In a briefing, Jose Ronald Valles, Meralco senior vice president and head of...
Manila Electric Company (Meralco) reported a 22 percent increase in consolidated core net income (CCNI) for 2024. In a briefing on Monday, Feb. 24, Meralco said its CCNI rose to ₱45.1 billion from ₱37.11 billion in the previous year. According to Meralco, last year’s growth was driven by the...
From left, first row: Vice President and Chief Corporate Social Responsibility Officer, Jeffrey O. Tarayao; Senior Vice President and Chief Human Resources Officer, Edgardo V. Carasig; First Vice President and Head of Networks, Froilan J. Savet; Executive Vice President and Chief Operating Officer,...
ANIMAL WELFARE CHAMPIONS. Meralco Head of Advocacy Communications Management, Michelle Caguioa (right), accepted the prestigious Platinum Paw Award from PAWS Executive Director, Atty. Anna Cabrera (left), during PAWS’ Annual Thanksgiving Gathering where Meralco’s exceptional efforts in...
Manila Electric Co. (Meralco) customers can expect higher electricity bills this February as the power retailer announced a rate increase, driven primarily by higher generation charges. In a statement on Tuesday, Feb. 11, Meralco announced an increase of P0.2834 per kilowatt-hour (kWh) in the...
