Company Overview

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 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 (MThermal)—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 MThermal’s operational expertise in running power generation facilities in Visayas and Mindanao. 

MGEN Renewable Energy, Inc. (MGreen), the company’s renewable energy (RE) arm, is focused on investing in and developing energy projects that utilize clean and sustainable energy sources. MGreen plays a vital role in the attainment of MGEN’s goal of building a balanced power generation portfolio.​

MGEN and its subsidiaries—with a total net sellable capacity of 2,436 MW—utilize coal, liquefied natural gas, diesel, and solar technologies. These plants are capable of supplying base, intermediate, peak load, and ancillary support. To help accelerate the country’s transition towards a sustainable future, MGEN puts a premium to its goal of adding 1,500 MW of renewable energy to its current portfolio.