Press Releases
GBP supports DepEd Iloilo’s Bulig-Basa project
In attendance during the simple ceremonial turnover of the printed modules by GBP for the implementation of the Bulig-Basa project were (from left): Mr. Roel F. Bermejo, PhD, CESO V - Schools Division Superintendent for Division of Iloilo; Mr. Eugenio L. Mallorca, PhD...
MGreen partners with Vena Energy for 68MWac solar project in Ilocos Norte
MGen Renewable Energy, Inc. (MGreen) recently entered into a joint venture agreement with Vena Energy (Vena), a leading renewable energy company in the Asia-pacific region, for the development, construction, and operation of a 68 MWac solar plant in Ilocos Norte under...
A1E-supported fisherfolk group now a registered cooperative
The Atimonan Coastal Food Production Cooperative is the group behind the Atimonan’s homegrown Aplaya Spanish Sardines. Atimonan Coastal Food Production Association, the local fisherfolk group in Quezon province supported by Atimonan One Energy, Inc....
GBP marks 18th anniversary
By Panay News GBP receives Silver Anvil Award for its Adopt-A-Health Center Program during the 55th Anvil Awards. GLOBAL Business Power Corporation (GBP) is instrumental in shaping the region into what it is today and what it will become in the future. For 18...
50MW BulacanSol power plant starts commercial operations
The 50-megawatts (MW) solar power plant of PowerSource First Bulacan Solar, Inc. (PFBSI) has officially started commercial operations and now provides clean and renewable power to the Luzon grid. Now called BulacanSol, the newly completed plant secured a clearance to...
In the News
Meralco cleared to start operations of Quezon plant
Danessa Rivera | The Philippine Star MANILA, Philippines — The power generating unit of Manila Electric Co. (Meralco) has secured regulatory approval to proceed with the commercial operations of its coal-fired power plant in Quezon. The Energy Regulatory...
Quezon power plant gets nod to operate
by Alena Mae S. Flores | Manila Standard Today The Energy Regulatory Commission issued San Buenaventura Power Ltd. a provisional authority to operate its power plant with 500 megawatts of baseload capacity in the Luzon grid. Meralco PowerGen Corp. president Rogelio...
MGreen solar projects get funding
By MEANNE ROSALES | Power Philippines RENEWABLE ENERGY ARM OF MGEN MGREEN HAS ACQUIRED AN EQUITY FUNDING WORTH P424 MILLION THAT WILL BE USED FOR THE DEVELOPMENT OF SOLAR PROJECTS, WITH AN OVERALL CAPACITY OF 210 MW. The total project cost is around P10...
Meralco to develop P10-B solar projects
BY JORDEENE B. LAGARE | Manila Times MANILA Electric Co. (Meralco) is set to implement various solar power projects with an estimated cost of P10 billion. To bankroll these projects, Meralco’s board of directors on Monday approved infusing an equity funding worth...
Meralco unit gets P400M funding for RE projects
By Angelica Ballesteros | The Daily Tribune The renewable energy (RE) arm of power distribution giant Manila Electric Company (Meralco) is looking to develop P10-billion worth of solar projects. In a disclosure to the stock exchange on Tuesday, Meralco said its...
Meralco injecting P10-B equity into 210-MW solar projects
By Myrna M. Velasco | Manila Bulletin The power generation arm of Manila Electric Company (Meralco) will be injecting P424.2 million worth of equity investments in initial 210 megawatts of solar projects that will command total capital outlay of P10.01 billion. The...
MGEN gets P424M funding
By Malaya Business Insight MGEN Renewable Energy Inc. (MGreen) has secured P424 million worth of equity funding that will be used to invest in various solar projects under development with a combined capacity of 210 megawatts (MW) and total combined project cost of...
Meralco infusing P424 million into green unit
By Danessa Rivera | The Philippine Star MANILA, Philippines — Manila Electric Co. (Meralco) is pouring in P424 million in the renewable energy unit of power generation arm Meralco Powergen Corp. (MGen) to finance its pipeline of solar project developments. In a...
Meralco to invest P424 million in MGreen’s solar power projects
By Victor V. Saulon | BusinessWorld MANILA Electric Co. (Meralco) said on Tuesday that its board of directors had approved the request of a subsidiary’s unit for a P424.2-million equity funding for its solar projects under development with a combined capacity of...
Meralco gets funds for solar power projects
By Ronnel W. Domingo | Philippine Daily Inquirer MGen Renewable Energy Inc. (MGreen), part of the Meralco group, has secured P424 million in equity funding from Manila Electric Co. for investments in various solar power projects that are now being developed. MGreen is...