MERALCO PowerGen Corp. (MGen), the power generating arm of the country’s largest power distribution utility Manila Electric Company (Meralco), said it has taken proposals from possible partners for its greenfield power generation project, Atimonan One Energy Inc. (A1E). A1E is the developer of a 1,200-megawatt supercritical coal-fired power plant project in Atimonan, Quezon Province. Meralco has taken proposals, Meralco Chairman Manuel V. Pangilinan told reporters. Pangilinan said MGen would offer up to a 49-percent share to the possible partner, while the Pangilinan-led group would still be holding the controlling stake. Evaluation of the engineering, procurement and construction (EPC) bids for the power plant project received from contractors ais also ongoing.

Source: Manila Times April 26, 2017 17:26 UTC