Press Releases
MGen site activities suspended
In line with President Rodrigo Duterte’s order on the enhanced community quarantine in Luzon amid the COVID-19 pandemic, Meralco PowerGen Corporation (MGen) would like to announce that activities at sites owned by its project companies have been suspended since...
MGreen unit signs EPC contract for 50MWac Bulacan Solar Project
PowerSource First Bulacan Solar, Inc. (PFBSI) on Friday executed an engineering, procurement and construction (EPC) contract with SUMEC Complete Equipment & Engineering Co. Ltd. for its solar power project. The contract covers a 50-MWac solar plant in San Miguel,...
SBPL switches on PH’s most advanced coal power plant; boosts Luzon supply with 500 MW
San Buenaventura Power Ltd. Co. (SBPL) on Wednesday marked the commercial operations of its new 500-Megawatt (MW) supercritical coal-fired power plant with a Switch-On Celebration led by Philippine President Rodrigo R. Duterte. In his speech, President Duterte...
MGreen gets funding for solar projects
MGEN Renewable Energy, Inc. (MGreen) has secured equity funding amounting to P424 million that will be used to invest in various solar projects under development. These solar projects have a combined capacity of 210 megawatts (MW) and total combined project cost of...
Meralco to Invest in 1,000MW Green Energy Projects
MERALCO POWERGEN PRESIDENT AND CEO ROGELIO L. SINGSON AND MERALCO PRESIDENT AND CEO ATTY. RAY C. ESPINOSA Manila, Philippines (June 5, 2019) – Manila Electric Co. (MERALCO) today announced a significant expansion of its plans to invest in renewable energy...
In the News
RP Energy teams up with One Meralco Foundation to fight COVID-19
By Manila Standard Redondo Peninsula Energy, Inc. (RP Energy), through the support of One Meralco Foundation, recently donated 26 desktop computers to support the Philippine Red Cross (PRC) in its efforts to fight the COVID-19 pandemic. The computers, will be used in...
Meralco unit resumes work on 2 power plants
By Myrna M. Velasco Manila Bulletin The power generation investment arm of Manila Electric Company (Meralco) has resumed development works and construction activities at its project-sites in Atimonan, Quezon and San Miguel, Bulacan as lockdown restrictions had already...
MGen resumes site activities in Quezon, Bulacan
By The Manila Times Meralco PowerGen Corp. (MGen) announced on Friday the resumption of site activities in Quezon and Bulacan provinces after the government eased quarantine restrictions this month. In a statement, the power generation arm of the Manila Electric Co....
MGen resumes construction of power plants
By Adam J. Ang, Business World Two project companies of Meralco Powergen Corp. (MGen), the power generation arm of Manila Electric Co. (Meralco), have resumed site activities as the government further relaxed the quarantine measures in Luzon. Atimonan One Energy,...
Meralco bares plan to boost generation capacity to 3,000 MW
By Alena Mae S. Flores | Manila Standard Power retailer Manila Electric Co. is looking at generating 3,000 megawatts in the next five years, including 1,000 MW from renewable energy. “We are targeting around 3,000 MW within the next five years, with 1,000 MW allocated...
Meralco eyes 3,000 MW capacity
By Danessa Rivera | The Philippine Star MANILA, Philippines — Manila Electric Co. is eyeing 3,000 megawatts (MW) in capacity as part of its growth strategy for power generating unit Meralco Powergen Corp. (MGen). “We are targeting around 3,000 MW in the next five...
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...