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Press Releases

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...

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Meralco to Invest in 1,000MW Green Energy Projects

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...

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Atimonan ready for development; gets new land use plan

Atimonan ready for development; gets new land use plan

IN PHOTO (L-R): Architect Grace Ramos of Grandt Planners, Inc.; Atimonan One Energy, Inc. (A1E) Development Manager Christopher Chua; Atimonan Mayor Rustico Joven Mendoza; MERALCO PowerGen (MGen) President & CEO Rogelio Singson; and MGen Executive Vice President...

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In the News

Robust Meralco withstands virus

Daily tribune   Its robust capital structure will allow dominant electricity distributor Manila Electric Co. (Meralco) to withstand lower energy sales volume this year amid the coronavirus disease 2019 (COVID-19) outbreak, Standard and Poor’s Global Ratings...

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Meralco unit acquires 70% of solar firm

By Myrna M. Velasco | Manila Bulletin   Meralco PowerGen Corporation, a subsidiary of Manila Electric Company (Meralco), has acquired majority stake of 70-percent in NorteSol III Inc., a Filipino-led firm that is developing a floating solar facility at Laguna...

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Community care to combat COVID-19

By Manila Standard   Atimonan One Energy Inc (A1E), a subsidiary of Meralco PowerGen, recently teamed up with its technical partners to help fight the spread of coronavirus, or COVID-19, in various barangays in Atimonan, Quezon. A1E worked with Delta Earthmoving,...

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Meralco cancels plan to auction 1,200 MW

by Alena Mae S. Flores | Manila Standard   Manila Electric Co., the biggest retailer of electricity, cancelled the planned competitive selection process for 1,200 megawatts of greenfield baseload capacity needed by 2024 and will conduct a new CSP covering 1,800...

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Meralco seeks CSP deferment

By Danessa Rivera | The Philippine Star   MANILA, Philippines — Manila Electric Co. (Meralco) plans to defer its competitive selection process (CSP) for 1,200 megawatt greenfield capacity due to volatile oil prices and the enhanced community quarantine imposed in...

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MGen gets OK to resume work on Bulacan solar power project

By Lenie Lectura |Business Mirror   The Meralco PowerGen Corp. (MGen) has been cleared by the local government to partially resume work on its P4.25-billion solar power project in Bulacan. “We have been given partial authority to restart work there because we...

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Meralco commits to develop solar projects by 2020

By Alena Mae S. Flores | Manila Standard   Manila Electric Co. through power unit Meralco PowerGen Corp. has committed to develop 224 megawatts of solar power facilities by 2020. “Recognizing the role of renewable energy in the overall dispatch, its inevitability...

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Meralco to begin work on Bulacan solar plant shortly

By Alena Mae S. Flores | Manila Standard   PowerSource First Bulacan Solar Inc., a consortium composed of Meralco PowerGen Corp. and its partners, plans to start construction of a 50-megawatt solar power project in San Miguel, Bulacan this month. “We had to wait...

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Meralco’s revised CSP rules spark interest of top firms

By Lenie Lectura | Business Mirror   The Manila Electric Co.’s (Meralco) revised bidding rules for the second round of the competitive selection process (CSP) for 1,200-megawatt (MW) capacity sparked the interest of conglomerate San Miguel Corp. (SMC) and Ayala...

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