September 13, 2025 | 12:00am
MANILA, Philippines — Pangilinan-led Meralco PowerGen Corp. (MGen) is ramping up its strategic partnership with Korea Electrical Energy Corp. (KEPCO), signaling a possible enlargement past photo voltaic tasks.
MGen, the ability era arm of trade big Manila Electrical Co. (Meralco), has expressed its curiosity in creating different renewable power tasks with the South Korean agency.
These tasks, MGen stated, might embody wind and power storage methods as a part of efforts to additional strengthen its presence within the Philippines.
“Our strengthened partnership with KEPCO underscores MGen’s dedication to advancing clear power and supporting the nation’s sustainability targets,” MGen president and CEO Emmanuel Rubio stated.
“By working hand in hand, we goal to not solely make sure the continued success of the Calatagan photo voltaic farm but additionally unlock new alternatives for innovation and development within the Philippine power sector,” he added.
This comes after MGen and KEPCO not too long ago signed an settlement affirming their collaboration as joint shareholders within the 63.3-megawatt Calatagan Photo voltaic in Batangas, one of many largest photo voltaic farms within the province.
“This settlement is a testomony to the belief and cooperation that KEPCO and MGen have constructed over time,” KEPCO Philippines Holdings president and CEO Jeon Yongsu stated.
“Collectively, we’re making a stronger basis to speed up renewable power improvement within the Philippines and set a benchmark for strategic power partnerships throughout Asia,” he stated.
The partnership additionally goals to help the federal government’s goal of accelerating the rollout of renewables in step with the nation’s power transition journey.
Beneath the Philippine Vitality Plan, the federal government desires to broaden the share of renewables within the energy combine to 35 p.c by 2030 and 50 p.c by 2040 from the present 22 p.c.
