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
Participation in projects
Projects as Project Owners per Country ()
Projects as Project Owners per Subsector ()
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The company has not participated in any projects.
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Company updates
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December 12, 2024
Jacobs to Support 3.5 GW/4.5 GWh Solar plus Battery Energy Storage System in Philippines
Terra Solar Philippines Inc., a wholly owned subsidiary of SP New Energy Corporation (SPNEC), has selected Jacobs to deliver engineering services, technical advice, and construction phase service...
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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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