Press Releases
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...
In the News
DoE accepts bids for potential
BY Maria Romero | The Daily Tribune The Department of Energy (DoE) said it has started accepting bids for 22 predetermined areas for potential geothermal and hydropower resources to accelerate the country’s renewable energy (RE) development. In its 3rd Open and...
50-MW Bulacan solar project to open in Q1
BY Alena Mae S. Flores | Manila Standard Meralco PowerGen Corp., which took a majority stake in PowerSource First Bulacan Solar Inc., expects the completion of a 50-megawatt solar power plant in the first quarter. Manila Electric Co. said in a disclosure to the...
MGen sets aside P159M for bigger stake in solar unit
By: Ronnel W. Domingo | Philippine Daily Inquirer The power generation arm of Manila Electric Co. (Meralco) has earmarked P158.95 million to secure a controlling interest in an affiliate that is building a solar farm in Bulacan province. Meralco said in a...
Meralco’s MGen takes control of Bulacan solar firm for P159M
By BusinessWorld MERALCO PowerGen Corp. ( MGen) has gained control over a solar energy company in Bulacan by acquiring its co-owner’s shares for P158.95 million, its parent fi rm Manila Electric Co. ( Meralco) told the local bourse on Thursday. In a regulatory...
Meralco unit buys stake in PFBSI
By Lorenz S. Marasigan | Business Mirror The power generation arm of Manila Electric Co. (Meralco) said on Thursday it spent P158.95 million to acquire a 20-percent shareholding in PowerSource First Bulacan Solar Inc. (PFBSI), a company that is currently...
Meralco subsidiary buys 20% stake of Singaporean solar project partner
by Elisor Recide | Manila Bulletin Meralco PowerGen Corporation (MGen), the power generation investment arm of Manila Electric Company, has acquired 20-percent of the shareholdings held by its Singaporean firm-partner Sunseap in the 50-megawatt PowerSource...
Meralco unit buys stake in PFBSI for P159M
By Jordeene B. Lagare | Manila Times The power generation arm of the Manila Electric Co. (Meralco) is acquiring a 20-percent stake in PowerSource First Bulacan Solar Inc. (PFBSI) for P159 million. In a disclosure of Thursday, the listed electricity distributor...
PHL needs a clear energy transition plan
By Business Mirror Editorial Will the pandemic lead to social revolts? Recent reports on vaccines working effectively make us optimistic about the Philippine economic forecast in 2021. Effective vaccines will help ignite faster economic recovery. Government has...
PSE suspends Meralco’s trading of securities amid pending acquisition
BY Angelica Y. Yang | BusinessWorld THE LOCAL bourse on Monday suspended the trading of securities of Manila Electric Co. (Meralco), which earlier announced its unit Meralco PowerGen Corp.’s (MGen) intention to acquire 100% ownership of Global Business Power...
Meralco says sale price of GBPC is fair, reasonable
By Alena Mae S. Flores | Manila Standard Manila Electric Co. said Monday the acquisition price of P34.466 billion that wholly-owned unit Meralco PowerGen Corp. paid for the 86-percent stake in Global Business Power Corp. is “fair and reasonable.” Meralco said...