Press Releases
Powering the Shift: MGEN Accelerates PH’s Energy Transition
MGreen Baras Solar is the province of Rizal’s first and only solar farm. Meralco PowerGen Corporation (MGEN) is driving the Philippines’ energy transition with urgency and purpose. Through its renewable energy arm, MGEN Renewable Energy, Inc. (MGreen), the...
MGEN Rallies Energy Sector Towards a Smarter, Cleaner, and More Inclusive Future at Giga Summit 2025
The Future of Philippine Power Industry: The Chief’s Perspective. MGEN President and CEO Emmanuel V. Rubio during the panel session at Giga Summit 2025 – Day 2 held on 25 April 2025. Manila, Philippines — 25 April 2025 — On Day 2 of the Giga Summit 2025: The...
MGEN Unit Signs Largest PH Financing Deal
MGEN unit seals Php150 billion loan agreement for MTerra Solar Project, the world's largest integrated solar PV and battery energy storage system facility. Seen on the photo (from L-R): Metropolitan Bank & Trust Company Executive Vice President and Head of...
MGEN Outlines Path to Low Carbon Future
Cagayan de Oro City, Philippines – Meralco PowerGen Corporation (MGEN) reaffirmed its commitment to the country’s clean energy transition at the 2025 Philippine Electric Power Industry Forum (PEPIF), organized by the Independent Electricity Market Operator of...
MGEN Expands Clean Energy Portfolio With Completion of Three Solar Projects
MGreen Baras Solar in Barangay Pinugay, Baras, Rizal. This 80.1 MWac solar facility is expected to provide clean energy to around 81,000 households. This is the first solar power plant in the province of Rizal. Baras, Rizal, Philippines – 28 March 2025 –...
In the News
JG Summit, MPIC sell stakes in GBP to Meralco PowerGen
By Sunstar Cebu LISTED firm JG Summit Holdings Inc. and Metro Pacific Investments Corp. announced Wednesday, Dec. 23, 2020 the signing of agreements with Meralco PowerGen Corp., a wholly owned generation subsidiary of Manila Electric Company, to transfer their...
Meralco Powergen acquires 100% of Global Business Power
By Bilyonaryo.com JG Summit Holdings Inc. and Metro Pacific Investments Corp. (MPIC) are consolidating their power businesses under a single entity to increase operational efficiency and create scale. Based on filings with securities regulators, JG Summit and...
Meralco PowerGen to take over Global Business Power Corp.
By Jon Viktor D. Cabuenas | GMA News Meralco PowerGen Corporation (MGen), a wholly-owned generation subsidiary of the Manila Electric Co. (Meralco), is set to fully acquire and take over Global Business Power Corporation (GBP), a leading power producer outside...
Meralco PowerGen absorbs, buys out 100 pct of Global Business Power
By ABS-CBN News MANILA - Meralco's power generation firm PowerGen Corp (MGen) has acquired 100 percent ownership of Global Business Power Corp (GBP) in a move to organize the group's power assets. MGen signed agreements with JG Summit Holdings and Beacon...
MGen poised to take full control of Vis-Min power producer
By RONNEL W. DOMINGO | Philippine Daily Inquirer Meralco PowerGen Corp. (MGen) signed agreements with a firm under the Manuel Pangilinan-led group as well as JG Summit to fully own Global Business Power Corp. (GBP), for a combined transaction worth about P34.4...
Meralco PowerGen buys GBP for P34B
By Maria Romero | The Daily Tribune The group of businessman Manuel V. Pangilinan, through Meralco PowerGen Corporation (MGEN), fully acquires tycoon George Ty’s power company, Global Business Power Corporation (GBP), for P34 billion. In a disclosure on...
Meralco unit buys 86% stake in GBP
By Jordeene B. Lagare | Manila Times Meralco PowerGen Corp. (MGen), the power generation unit of Manila Electric Co. (Meralco), acquired 86 percent stake in Global Business Power Corp. (GBP). MGen signed on Wednesday the signing of share purchase agreements...
Meralco PowerGen acquires 86% in affiliate firm GBPC for P34.47-B
by Myrna M. Velasco | Manila Bulletin Meralco PowerGen Corporation (MGEN), a power generation investment subsidiary of Manila Electric Company (Meralco) has acquired 86-percent shareholdings of affiliate firm Global Business Power Corporation (GBP) for P34.466...
MGen takes full ownership of GBP
By The Philippine Star MANILA, Philippines — Gokongwei-owned JG Summit Holdings Inc. and Pangilinan-led Metro Pacific Investments Corp. (MPIC) are consolidating their power sector investments under Manila Electric Co. (Meralco). Under the plan, JG Summit and...
Meralco takes full control of Global Business Power
By Alena Mae S. Flores Manila Standard Manila Electric Co. said Wednesday wholly-owned unit Meralco PowerGen Corp. will take full ownership of Global Business Power Corp. after acquiring an additional 86-percent stake for P34.466 billion. Meralco said in a...