Global Infrastructure SherpaMeralco PowerGen Corporation
Meralco PowerGen Corporation (MGen) is the power generation arm of the Manila Electric Company (Meralco), focused on developing, constructing, and operating power plants. MGen aims to balance its existing thermal power generation assets with a strategic expansion into renewable energy, targeting 1,500 MW of clean energy capacity by 2027.
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UtilityDeveloperOperatorInvestor
Strategic Overview
- Committed to building 1,500 MW of renewable energy capacity by 2027, signaling a significant shift towards clean energy.
- Aims to balance its existing thermal power generation assets, which provide base load, with the expansion of renewable energy projects to ensure energy security and sustainability for the Philippines.
Deal History (1)
Deal Activity from Public Sources
MGen Renewable Energy, Inc. (MGreen) energizes 68 MW solar power plant in San Miguel, Bulacan, Philippines.
MGen Renewable Energy, Inc. (MGreen) completes 50 MW solar power plant in Bogo, Cebu, Philippines.
MGen Renewable Energy, Inc. (MGreen) energizes 55 MW solar power plant in Currimao, Ilocos Norte, Philippines.
MGen Renewable Energy, Inc. (MGreen) energizes 75 MW solar power plant in Baras, Rizal, Philippines.
Investment Focus
Technologies
Hybrid1
Geography
Philippines1
Key People
Jaime T. Azurin
President & CEO
Danilo L. Basilio
SVP & CFO
Track Record
2,117
MW Total
14
Years Active
Notable projects: San Buenaventura Power Plant (455 MW coal), San Gabriel Power Plant (414 MW natural gas), Bulacan Solar Power Plant (68 MW), Cebu Solar Power Plant (50 MW), Ilocos Norte Solar Power Plant (55 MW), Baras, Rizal Solar Power Plant (75 MW)
Detailed Analysis
Sectors
Technologies
Geographies
Deal Stage