Lopez-led First Gen Corp, (FGen) announced that it has fully acquired Pi Energy Inc. through a deed of assignment executed with its parent firm, First Philippine Holdings Corp. (FPH). In a disclosure to the Philippine Stock Exchange (PSE) on Monday, May 19, FGen said it acquired Pi Energy for ₱1...
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 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...
Vivant Renewable Energy Corporation (VREC), a subsidiary of Vivant Corporation, has divested its stake in local solar power provider Buskowitz Energy Inc. (BEI). In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Jan. 28, VREC announced the completion of post-closing requirements...
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,...
Nabas, Aklan — To address the growing demand for power in the province, Yuchengco-led PetroWind Energy Inc. (PWEI) announced the development of additional wind turbines and a new transmission line by the National Grid Corporation of the Philippines (NGCP). In a briefing, Jayson Abaniel, PWEI...
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...
Buskowitz Energy Inc., a local solar power provider, anticipates significant growth in its installed capacity by the end of the year, fueled by a recent investment from an international firm. James Buskowitz, Buskowitz founder and chief executive officer, said that the company's current capacity of...
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...
