SP New Energy Corp. (SPNEC) is pursuing its backdoor listing with renewable energy (RE) unit MGEN Renewable Energy Inc. (MGreen), a year after announcing its plans for asset injections. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, June 25, SPNEC said it has approved an...
In the capital-intensive world of infrastructure in the country, power companies are usually judged by a few hard numbers: megawatts generated, grid efficiency, and the bottom line. But Meralco PowerGen Corp. (MGEN) is trying a different track. The generation arm of the Philippines’ largest...
MGEN Renewable Energy Inc. (MGreen), the renewable energy (RE) arm of Manuel V. Pangilinan-led Meralco PowerGen Corp. (MGEN), is expanding its investment horizon toward land-based wind projects while sustaining construction momentum on its multi-billion-peso Terra Solar venture in Central Luzon...
Meralco PowerGen Corporation (MGEN) affirms its continued commitment to strengthening the country’s energy security through a diverse and forward-looking capacity strategy that aligns with evolving national policy directions amid rising global fuel costs and supply uncertainties. As the...
Meralco PowerGen Corp. (MGen) has commenced the initial dispatch of electricity from its Terra Solar development, injecting much-needed capacity into the Philippine grid as the government moves to insulate the domestic economy from volatile global fuel markets. In a statement on Monday, March 30,...
Robinsons Land Corp. (RLC), the property arm of JG Summit Holdings Inc., has transitioned 15 of its office buildings in Metro Manila to 100 percent renewable energy as it accelerates a portfolio-wide push toward environmental sustainability and long-term asset value. The transition, which...
Meralco PowerGen Corp. (MGen), the generation arm of Manila Electric Co., is finding ways to utilize the power capacity from its planned 1,200-megawatt (MW) coal plant in Quezon province after navigating regulatory and policy hurdles this year. MGen President and Chief Executive Officer Emmanuel...
Instead of an initial public offering for its green energy businesses under MGen Renewable Energy Inc. (MGreen), Manila Electric Company (Meralco) is planning a re-IPO after all of its assets has been consolidated under SP New Energy Corporation (SPNEC). “We’re likely to inject our renewable...
Meralco 's power generation arm, Meralco PowerGen Corp. (MGen), is looking to expand into Malaysia, citing the country’s rising demand for power, particularly from the growing data center industry. MGen President and Chief Executive Officer Emmanuel Rubio stated in a media roundtable that...
The power generation arm of Manila Electric Co. (Meralco) has secured two engineering, procurement, and construction (EPC) deals to advance a new battery energy storage system (BESS) project in Toledo, Cebu. In a statement on Thursday, Meralco PowerGen Corp. (MGen) announced it has signed an EPC...
Despite the President’s State of the Nation Address (SONA) promise of rate reductions, it seems the only thing “cutting” is the consumer’s wallet, as electric bills continue their relentless upward climb. Realistically, rate reduction is a battle consumers can’t seem to win. It’s like a...
Executives from Meralco PowerGen Corporation (MGEN) and ACWA Power paid a courtesy call on President Ferdinand R. Marcos Jr. at Malacañang Palace to present their joint strategy for advancing utility-scale renewable energy development in the Philippines. The visit follows the recent signing of a...
