Meralco PowerGen Corporation (MGEN) leads the Philippines’ energy transition, driving progress and innovation. As the power generation arm of Meralco, MGEN delivers reliable, cost-competitive energy solutions that empower industries and communities, contributing to a sustainable future.
Leadership Driving Change
A new era of leadership began as Emmanuel V. Rubio took the helm as President and CEO of MGEN last year. Under his guidance, MGEN has reinforced its commitment to sustainability and innovation, setting ambitious goals to lead the country’s energy transition.
A Commitment to Diverse and Advanced Energy Solutions
MGEN operates a diverse portfolio of power generation assets equipped with advanced technologies. Its subsidiaries—Global Business Power (MThermal), MGEN Renewable Energy Inc. (MGreen), and MGEN Gas Energy Holdings, Inc. (MNatural Gas)— represent a diverse mix of energy solutions. 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. Across its portfolio, MGEN has a combined gross capacity of 2,602 MW from traditional and renewable sources.
A New Dawn in Solar Power: The MTerra Solar Project
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 featuring 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.
MGEN’s partnership with Actis, a leading global investor in sustainable infrastructure represents a $600-million investment in what will become the largest greenfield renewable energy project in Philippine history. With industry-leading partners—Energy China, POWERCHINA, Huawei, and Meralco Industrial Engineering Services Corporation—it integrates state-of-the-art technology and world-class engineering for seamless execution.
Expanding Influence Beyond the Philippines
Through its Singapore-based subsidiary PLP, MGEN is developing a hydrogen-ready 600-MW Combined Cycle Gas Turbine facility approved by Singapore’s Energy Market Authority earlier this year. Set to operate in 2029, the plant will start with 30% hydrogen and gradually transition to 100%, reflecting MGEN and PLP’s commitment to advancing low-carbon energy in Southeast Asia.
Powering the Future MGEN’s vision is to become the Philippines’ leading power generation company while championing the country’s transition to sustainability. Through innovation, strategic partnerships, and diverse energy solutions, MGEN drives a sustainable future for the Philippines and beyond.