Press Releases
MGEN and KEPCO Strengthen Strategic Partnership in the Calatagan Solar Farm
MGEN and KEPCO Officials (From L-R): Rochel Donato Gloria (MGEN Renewables Chief Finance Officer); Atty. Mary Ann D. Ballesteros (MGEN Chief Legal, Regulatory, and Corporate Governance, and Compliance Officer); Dennis B. Jordan (MGEN Renewables President and CEO);...
MGEN Unveils Refreshed Identity to Power a Better Tomorrow
Pasig City, Philippines — 02 September 2025 — Meralco PowerGen Corporation (MGEN) has unveiled its refreshed corporate brand identity, marking a milestone in its 15-year journey as it positions itself for stronger growth in the Philippines and Southeast Asia. The...
MGEN, ACWA Power Present Renewable Energy Strategy to President Ferdinand R. Marcos Jr.
Photo Credit: Presidential Communications Office President Ferdinand R. Marcos Jr. meets with Meralco PowerGen Corporation (MGEN) and ACWA Power executives to advance a strategic public-private partnership driving renewable energy development in the Philippines. Seen...
MGEN Unit, Philippine Red Cross Renew Partnership for Lifesaving Bloodletting Campaign
MThermal employees share their support for community health through voluntary blood donation efforts. Pasig City, Philippines – Meralco PowerGen Corporation (MGEN), through its subsidiary Global Business Power Corporation (MThermal), have renewed their partnership...
DOE Reaffirms Atimonan Power Plant as a Committed Project
MEDIA STATEMENT Atimonan Energy Project Set to Deliver Cost-Effective, Reliable Baseload Power for Luzon Pasig City, Philippines — 28 July 2025 — The Department of Energy (DoE) has reaffirmed the status of Atimonan Energy Power Plant project as a committed project...
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...