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. Leadership Driving Change
A new era of leadership began as Emmanuel V. Rubio took the helm as President and CEO of MGEN on July 2024. Under his guidance, MGEN has reinforced its co
mmitment 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 main subsidiaries include Global Business Power (MThermal), MGEN Renewable Energy Inc. (MGreen), and MGEN Gas Energy Holdings, Inc. 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. 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 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. 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, it integrates state-of-the-art technology and world-class engineering for seamless ex*****on. 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 a Better Tomorrow
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.
