MGen prepares to start building new RE projectsMANILA, Philippines — Meralco PowerGen Corp. (MGen), the power generating arm of Manila Electric Co., is targeting to commence this year the construction of “hundreds of megawatts (MW)” of new renewable energy projects, as two solar plants are set for commissioning this quarter. MGen president and CEO Jaime Azurin said the company was eyeing to commission this quarter projects that would add around 150 MW to its renewable energy capacity. The projects that will start commercial operations include the 75-megawatt alternating current (MWac) solar plant in Baras, Rizal through PH Renewables Inc., a joint venture of unit MGen Renewable Energy Inc. (MGreen) with Mitsui’s local unit MitRenewables Philippine Corp. MGen owns a 51-percent equity stake in PowerSource First Bulacan Solar Inc., which commenced operations of a 55-MWac solar plant in San Miguel, Bulacan in May 2021. The company has set its sights on reaching 1,500-MW of renewable energy capacity in the next seven years.

Source: Philippine Star January 01, 2023 21:59 UTC