Meralco PowerGen Corp. (MGen) said its co-owned P4.25-billion 50 megawatts (MW) solar power project in San Miguel, Bulacan is operational.
The company said construction of the BulacanSol project started in December 2019 following the issuance of notice-to-proceed to SUMEC Complete Equipment & Engineering Co. Ltd., the engineering, procurement, and construction contractor of the facility.
“As the first operational project of MGreen, BulacanSol is a very important milestone that drives us to aggressively pursue more projects that will help us achieve our target of building a renewable energy portfolio with a capacity of up to 1,500MW in the next five to seven years,” said Rogelio Singson, MGen president and chief executive officer, in a statement.
The facility which secured a clearance to operate from the Energy Regulatory Commission on Wednesday is developed by PowerSource First Bulacan Solar, Inc., a company co-owned by MGen Renewable Energy, Inc. (MGreen) for 60 percent while the remaining 40 percent is being held by PowerSource Energy Holdings Corp.
MGreen is the renewable energy unit of MGen. – Jed Macapagal
