Meralco PowerGen (MGEN)

About Meralco PowerGen (MGEN)

Meralco PowerGen Corporation (MGEN) aims to be the leader in the Philippines’ transition to a secure, affordable, and sustainable energy future-while fueling economic growth by meeting our region’s energy requirements. MGEN operates a diverse portfolio of power generation assets equipped with advanced technologies. Its main subsidiaries include Global Business Power (MGEN Thermal), MGEN Renewable Energy Inc. (MGEN Renewables), and MGEN Gas Energy Holdings, Inc. (MGEN Natural Gas). Additionally, MGEN holds stakes in PacificLight Power (PLP), a Liquefied Natural Gas facility in Singapore, and SP New Energy Corporation (SPNEC), a renewable energy company. Recently, MGEN has invested a 40.2% stake in an integrated LNG facility in Batangas, Philippines. Across its portfolio, MGEN has a combined net sellable capacity of 5,068 MW from traditional and renewable sources as of June 2025. The MTerra Solar Project, which broke ground in November last year, represents a transformative step in Philippine renewable energy development. With an 850 MW power supply agreement with Meralco, it will deliver 600 MW of clean energy by 2026 and an additional 250 MW by 2027. The project spans 3,500 hectares across Nueva Ecija and Bulacan and features 3,500 MWp of solar capacity and a 4,500 MWhr battery energy storage system. The MTerra Solar Project has been recognized by the Department of Energy as an Energy Project of National Significance. It also secured a Green Lane Certificate from the Board of Investments, reinforcing its commitment to sustainable development goals. It’s our clear commitment—that everything we do today contributes to a more inclusive, resilient, and hopeful future not just for ourselves but for the next generation as well We are MGEN. Powering a Better Tomorrow.