September 3, 2025 | 12:00am
MANILA, Philippines — Meralco PowerGen Corp. (MGen) of tycoon Manuel V. Pangilinan is gearing as much as grow to be one of many main energy technology firms in Southeast Asia.
Pangilinan, who serves as MGen chairman, highlighted the corporate’s progress trajectory over the previous 15 years, establishing it as a key participant within the Philippines and all through the area.
“We sit up for the subsequent 5 years, and I believe these might be golden years for MGen,” he stated in a current firm occasion.
Pangilinan not too long ago joined MGen president and CEO Emmanuel Rubio in unveiling the agency’s refreshed company model identification, which unites its numerous power portfolio beneath One MGen.
MGen, the facility technology arm of trade large Manila Electrical Co. (Meralco), at the moment operates over 5,000 megawatts (MW) of portfolio within the Philippines and overseas.
These tasks embody photo voltaic, thermal and pure fuel belongings throughout the Philippines, together with important investments in Singapore-based PacificLight Energy.
In January, MGen sealed a $3.3-billion energy enterprise with Aboitiz Energy Corp. and Ang-led San Miguel International Energy to launch the nation’s first and most expansive liquefied pure fuel facility.
It’s likewise on observe to finish the primary section of the P200-billion MTerra Photo voltaic in Central Luzon, which is poised to grow to be the world’s largest built-in photo voltaic and battery storage venture.
“MGen is extra than simply energy crops and tasks — we’re a corporation shifting with one objective,” Rubio stated.
“After we act as One MGen, we will ship dependable power right this moment whereas constructing the options that can energy a greater tomorrow. That is the place we’re headed, and the one means we get there’s by being collectively,” Rubio added.
By means of MGen, the Meralco Group ranks because the nation’s fourth-largest energy producer, accounting for 8.06 p.c of the market or round 2.29 million kilowatts in capability.
In one other growth, Meralco disclosed yesterday that its subsidiary Meralco Industrial Engineering Companies Corp. (Miescor) accomplished the acquisition of 400,000 frequent shares of Buyer Frontline Options Inc. (CFS) from CIS Bayad Heart Inc. for P74 million.
Miescor is the engineering, procurement, building and operations unit of Meralco, whereas CFS supplies outsourced tellering, frontline buyer providers and buyer options.
Bayad, a fee assortment firm, and CFS are each Meralco associates by means of Company Data Options Inc.
