Press Releases
Terra Solar Awards EPC Contract to Energy China for World’s Largest Solar Power Plant
Pasig, Metro Manila, Philippines — November 18, 2024 — Terra Solar Philippines, Inc. (TSPI) signs the Engineering, Procurement, and Construction (EPC) contract with China Energy Engineering Group Co., Ltd (Energy China). This milestone marks a significant step in the...
MGEN and SPNEC Announce a Strategic Partnership with Actis
Meralco PowerGen Corporation (MGEN) and its subsidiary, Solar Philippines New Energy Corporation (SPNEC) have agreed to enter into a strategic partnership with Actis to invest in a 40% equity stake in Terra Solar Philippines, Inc. (“Terra Solar”) – poised to be the...
MGreen’s Terra Solar Project gets BOI’s Green Lane Certificate
In line with the Philippine government’s thrust for a more diversified and balanced energy mix to address the nation's energy security concerns, the Board of Investments (BOI) has given MGEN Renewable Energy, Inc. (MGreen), the renewable energy arm of Meralco PowerGen...
Energy Executive Emmanuel V. Rubio takes the helm as President of Meralco’s Power Generation Unit
Meralco PowerGen Corporation (MGen), the power generation investment unit of Manila Electric Company (Meralco), has officially appointed energy executive Emmanuel V. Rubio as its President and Chief Executive (CEO) Officer starting July 1, 2024. Rubio brings a wealth...
MGreen units secure funding for solar projects in Isabela and Nueva Ecija
Units of MGen Renewable Energy, Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corporation (MGen), successfully secured funding for two of its solar power plant projects. These projects have a combined capacity of 67.75 megawatts AC (MWac) of renewable...
In the News
MGEN Donation to Quezon LGU
By Business Mirror Volunteers at the Quezon Convention Center prepare the relief packs that will be distributed to residents of Quezon during the enhanced community quarantine. In line with its commitment to support the government in the fight against the coronavirus...
New workstations
By The Daily Tribune The SBMA and Philippine Red CrossOlongapo Chapter receive 26 refurbished computer units from One Meralco Foundation and Redondo Peninsula Energy Incorporated on Wednesday at the Philippine Red Cross Facility at the Naval Magazine area in Subic...
MGen, units donate P1.5m in relief goods
By Manila Standard Business Meralco PowerGen Corp. and unit San Buenaventura Power Co. Ltd. donated 425 sacks of rice and more than 200 boxes of canned goods worth P1.5 million to aid the Quezon provincial government’s COVID-19 relief efforts amid the extended...
S&P upgrades Meralco’s long-term credit rating to investment grade
by Adam J. Ang | Business World S&P Global Ratings has affirmed its BBB- investment-grade credit rating for Manila Electric Co. (Meralco) with a stable outlook as the listed firm takes on the impact of lower energy sales in 2020 and the delay in resetting its...
Robust Meralco withstands virus
Daily tribune Its robust capital structure will allow dominant electricity distributor Manila Electric Co. (Meralco) to withstand lower energy sales volume this year amid the coronavirus disease 2019 (COVID-19) outbreak, Standard and Poor’s Global Ratings...
Meralco unit acquires 70% of solar firm
By Myrna M. Velasco | Manila Bulletin Meralco PowerGen Corporation, a subsidiary of Manila Electric Company (Meralco), has acquired majority stake of 70-percent in NorteSol III Inc., a Filipino-led firm that is developing a floating solar facility at Laguna...
‘Bayanihan’ spirit keeps COVID-19 at bay in Quezon community
By Manila Standard A township in Atimonan, Quezon is using the insidious threat of Coronavirus 2019 (Covid-19) as an opportunity to work together to build a stronger community where their children can live their best lives. Through the Kaisa sa K asanayan at...
Community care to combat COVID-19
By Manila Standard Atimonan One Energy Inc (A1E), a subsidiary of Meralco PowerGen, recently teamed up with its technical partners to help fight the spread of coronavirus, or COVID-19, in various barangays in Atimonan, Quezon. A1E worked with Delta Earthmoving,...
Meralco cancels plan to auction 1,200 MW
by Alena Mae S. Flores | Manila Standard Manila Electric Co., the biggest retailer of electricity, cancelled the planned competitive selection process for 1,200 megawatts of greenfield baseload capacity needed by 2024 and will conduct a new CSP covering 1,800...
Meralco seeks CSP deferment
By Danessa Rivera | The Philippine Star MANILA, Philippines — Manila Electric Co. (Meralco) plans to defer its competitive selection process (CSP) for 1,200 megawatt greenfield capacity due to volatile oil prices and the enhanced community quarantine imposed in...