MERALCO PowerGen Corporation (MGen)

Company description

MGen was incorporated to engage in the power generation business. It is a wholly-owned subsidiary of Manila Electric Co. (Meralco), the Philippines’ largest electricity distribution utility. MGen aims to build a diversified power generation portfolio with 3,000 MW total combined capacity, including 1,000 MW in renewable energy.

Parent companies

Company details

City:
Pasig City
Address:
8th floor, Rockwell Business Center Tower One, Ortigas Avenue, Ortigas Center, Pasig City, Philippines
Phone:

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • September 13, 2024

    UK’s Actis to invest US$600 million in Solar project in Philippines

    The Philippines’ Meralco Powergen Corporation (MGen) and its subsidiary Solar Philippines New Energy Corporation (SPNEC) have announced UK-based investment firm Actis as its partner for the 3.5-...

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  • January 04, 2024

    Meralco taken over SP New Energy Corp.

    Meralco Powergen has completed the acquisition of a 50.5% stake in SP New Energy Corporation (SPNEC) via an investment of PHP 15.9 billion (US$ 286 million) in the Philippines. MGEN Renewable Energy,...

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  • October 31, 2022

    850 MW PPA signed for Solar PV project in Philippines.

    Prime Infra has signed a 20-year power supply agreement (PSA) with Manila Electric Co. (Meralco) to supply 850 MW of energy generated from its  2,500 MW to 3,500 MW solar photovoltaic (PV) s...

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  • September 12, 2022

    Prime Infrastructure to provide 500 MW of hydro power to Meralco

    The Manila Electric Company (Meralco) declares Ahunan Electricity, Inc., a subsidiary of Prime Infrastructure Capital, as the Original Proponent for its offer to supply 500 MW of mid-merit power utili...

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  • September 05, 2022

    Meralco, Mitsui secures PHP2.65bn solar PV project in Rizal

    Manila Electric Co., in partnership with Mitsui Group, has secured PHP2.65 billion (US$46.65 billion) financial support for the development of the 75 MW solar photovoltaic (PV) project located in...

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  • August 26, 2022

    MGen, Vena Energy begin construction of 68 MW solar PV project in Ilocos Norte

    Meralco PowerGen Corp. (MGen) and Vena Energy have started the construction of the 68 MWAC solar project in Currimao, Ilocos Norte, Philippines. In February 2022, MGreen entered into a partnership wi...

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  • January 09, 2020

    MGen to start a construction of 50 MWac solar project in San Miguel

    Meralco PowerGen Corporation (MGen) plans to start the construction of 50 MWac solar project located in San Miguel, Bulacan province within this month. MGEN has secured the construction per...

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  • January 15, 2016

    Meralco and EGCO reach financial close for San Buenaventura coal-fired power project

    Electricity Generating Public Company Limited or EGCO Group has announced the start of construction of its San Buenaventura coal-fired power project in the Philippines.

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  • June 02, 2015

    MGen joint ventures seek financing for Philippine power projects

    Philippine firm MERALCO PowerGen Corp. (MGen) plan to raise close to P100 billion (US$2.24 billion) to fund two power projects that are expected to move forward this year.

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