MERALCO PowerGen Corporation (MGen), the power generation arm of the Manila Electric Company (MERALCO)—the largest private sector electric distribution utility company in the Philippines—provides a reliable and cost-competitive power supply to its clientele through its diversified power generation portfolio that utilizes advanced, highly efficient, and sustainable technologies.
Committed to better serve the country’s growing power needs, MGen fully acquired Global Business Power Corporation (GBP)—one of the leading independent power producers in Visayas and Mindanao—on March 31, 2021.
This synergy allows MGen to offer flexible energy solutions that can serve the varying power requirements of the market by complementing its strong presence in Luzon with GBP’s operational expertise in running power generation facilities in Visayas and Mindanao.
The enlarged MGen-GBP, with a total power generation gross capacity of 2,446 MW that utilize coal, liquified natural gas, diesel, and solar technologies, is capable of supplying base, intermediate, peak load, and ancillary support. To support the country’s transition towards a sustainable future, MGen-GBP puts a premium to its goal of adding 1,500MW of renewable energy to its current portfolio.
MGen aims to build a diversified power generation portfolio with 3,000 MW total combined capacity, including 1,000 MW in renewable energy.
It envisions to provide large-scale reliable sources of power using the most advanced and efficient technologies at competitive prices.
MGen will pioneer the utilization of high efficiency, low emission (HELE) technologies for its coal-fired power plants in the Philippines.
The company is also aggressively looking for development opportunities in renewable energy (RE) across the country in line with its goal to be a major player in the RE space.