Meralco PowerGen Corporation (MGen) has expressed interest in revisiting the Caliraya-Botocan-Kalayaan (CBK) hydropower complex, depending on specific deal structures. Emmanuel V. Rubio, president and chief executive officer (CEO) of MGen, shared in an ambush interview that they may revisit the...
MGen Renewable Energy Inc. (MGreen), the renewable energy unit of Meralco PowerGen Corporation (MGen), has energized its 19.8-megawatt alternating current (MWac) solar power plant in Bongabon, Nueva Ecija. Inaugurated on Tuesday, Feb. 18, the plant is expected to supply power to at least 20,000...
PacificLight Power Pte. Ltd. (PLP), a subsidiary of MGen, has been awarded the right to build, own, and operate a hydrogen-ready Combined Cycle Gas Turbine (CCGT) facility in Jurong Island that is set to begin operations in 2029. In a disclosure to the Philippine Stock Exchange on Monday, Jan. 6,...
Meralco PowerGen Corporation (MGen) plans to convert two of its coal-powered units into gas-fired plants in response to the coal moratorium. Yari Miralao, MGen Gas Energy Holdings, Inc. (MGen Gas) president and chief executive officer, said the projects with Global Luzon Energy Development...
PacificLight Power Pte Ltd., a subsidiary of Meralco PowerGen Corp. (MGen), plans to invest approximately P53 billion (US$900 million) in a new 600-megawatt (MW) power plant in Singapore. Yari Miralao, MGen Gas Energy Holdings, Inc. (MNatural Gas) president and chief executive officer, said that...
Terra Solar Philippines, Inc., a unit of SP New Energy Corp. (SPNEC), announced that it had granted an Engineering, Procurement, and Construction (EPC) deal with China Energy Engineering Group Co., Ltd. (Energy China) for the world’s largest contiguous solar and battery power plant in the...
The renewable energy arm of the Manila Electric Company (Meralco) said that its TerraSolar project, a joint venture with Terra Solar Philippines, Inc., is moving ahead faster than expected. In a briefing, Emmanuel Rubio, Meralco PowerGen Corporation (MGen) president and chief executive...
MGen Renewable Energy Inc. (MGreen), the renewable energy investment platform of Meralco PowerGen of the Manila Electric Company group, has acquired 50% stake in the 450-megawatt (MWac) Bugallon solar farm project in Pangasinan that was under a service contract held by Singaporean firm Vena Energy....
Tycoon Manuel V. Pangilinan is stepping down as President and CEO of SP New Energy Corporation in favor of Emmanuel V. Rubio, who the MVP Group has recently hired to lead Meralco PowerGen Corporation (MGen) after his retirement as the chief executive of Aboitiz Power Corporation. In a...
West Zone concessionaire Maynilad Water Services, Inc. has increased its use of renewable energy in its operations by 15 percent following its partnership with MPower, the local retail electricity supplier of Manila Electric Co. (Meralco). Under this partnership, Maynilad said in a statement on...
The renewable energy arm of Meralco PowerGen Corp. (MGen) secured the necessary budget for its solar projects in Isabela and Nueva Ecija. The subsidiary units of MGen Renewable Energy, Inc (MGreen), such as Greenergy for Global Inc. (GGI) obtained a P2.034 billion loan with a 15-year term facility...
Renewable energy firm SP New Energy Corp. (SPNEC), now chaired by tycoon Manuel V. Pangilinan through the controlling stake of MGen Renewable Energy (MGreen), reported a net income of P5.7 billion in 2023 after gaining 100 percent ownership of Terra Solar Philippines. Based on its disclosure...
