Meralco PowerGen

Meralco PowerGen Corporation (MGen) is a key player in the power generation sector, focusing on providing large-scale, reliable electricity solutions. Operating primarily in the Philippines, MGen was established in 2010 as a strategic extension of Meralco's core distribution business. The company aims to transform from a price taker to a significant source of power by leveraging advanced and efficient technologies. MGen's portfolio includes a 500 MW supercritical coal-fired power plant in Mauban, Quezon, and a joint venture with New Growth B.V., a subsidiary of EGCO of Thailand. The company also operates the first power plant in Singapore fully fueled by LNG, which commenced operations in 2014. MGen serves a diverse range of clients, including industrial, commercial, and residential sectors, by ensuring a stable supply of electricity at competitive prices. The business model revolves around strategic partnerships and investments in cutting-edge power generation projects, allowing MGen to generate revenue through the sale of electricity. The company is committed to sustainable development and emissions reduction, as recognized by the Clean Development Mechanism (CDM). Keywords: power generation, electricity, Philippines, coal-fired, LNG, joint venture, sustainable development, competitive pricing, strategic partnerships, reliable supply.