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MGEN, SMGP, and AP Complete Energy Deal for the Philippines’ First Integrated LNG Complex
Meralco PowerGen Corporation (MGEN) together with San Miguel Global Power Holdings (SMGP), and Aboitiz Power Corporation (AP) through its subsidiary, Therma NatGas Power, Inc. (TNGP) have completed the financial close of a US$3.3 billion partnership which involves the...
MGEN subsidiary PacificLight Power awarded 600 MW CCGT plant, to be operation by 2029
Metro Manila, Philippines, 3rd January 2025 – Manila Electric Company (“Meralco”) announces that its power generation arm, Meralco PowerGen Corporation (“MGEN”), through its subsidiary PacificLight Power Pte Ltd (“PLP”), has been awarded the right to build, own, and...
MGEN Lights Up the Holidays with Annual Handog sa Pasko ng MGEN (HAPAG) Initiative
MGEN volunteers spread smiles with beneficiaries during the HAPAG in Panay. Pasig, Metro Manila, Philippines – Meralco PowerGen (MGEN), the power generation arm of Meralco, is spreading holiday cheer and fostering a spirit of generosity this season through its annual...
BESS Supply Agreement Signed for MTerra Solar
Hong Kong — December 6, 2024 — Terra Solar Philippines Inc. (TSPI), a unit of MGEN Renewable Energy Inc. (MGreen), signed a Battery Energy Storage Systems (BESS) Supply Agreement with Huawei International,...
MGEN unit seals EPC contract with POWERCHINA for East-side Development of MTerra Solar Project
Pasig, Metro Manila, Philippines — November 29, 2024 — Terra Solar Philippines, Inc. (TSPI) officially signs an Engineering, Procurement, and Construction (EPC) contract with the Power Construction Corporation of China Ltd. along with its affiliates (Power China)....
MTerra Solar Project Breaks Ground: A Monumental Milestone in the Philippines’ Renewable Energy Transition
Nueva Ecija, Philippines, November 21, 2024 – Terra Solar Philippines, Inc. (TSPI), together with Meralco PowerGen Corporation (MGEN) and SP New Energy Corporation (SPNEC), officially broke ground for the Terra Solar Project — the world’s largest integrated solar and battery storage facility. President Ferdinand R. Marcos Jr. and Meralco Chairman and CEO Manny V. Pangilinan (MVP) co-led the groundbreaking ceremony, alongside leaders from Meralco, MGEN, SPNEC, and Actis. With construction now in full swing, the landmark project represents a transformative leap forward in the Philippines’ quest for a cleaner and more sustainable energy future.
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...