Meralco PowerGen Corp. (MGEN) has signed two power supply agreements (PSAs) with EvoEnergi Inc., a newly licensed retail electricity supplier (RES).
The agreements support the delivery of both conventional and renewable energy to contestable customers.
The PSAs were inked through MGEN’s thermal and renewable energy arms — MThermal and MGreen — reflecting a shared commitment to advancing energy reliability and sustainability through strategic partnerships within the competitive retail electricity market.
MGEN is the power generation arm of Manila Electric Co.
These agreements aim to provide EvoEnergi with a diverse mix of energy sources for their clients at a competitive offer. Under the deals, MGEN’s business units will supply enough energy to serve 62,000 households from both renewable and thermal sources.
“This partnership with EvoEnergi reflects the strength of MGEN’s diversified energy portfolio,” said Emmanuel Rubio, MGEN president and chief executive.
“By combining conventional and renewable sources, we are helping meet the evolving needs of the retail electricity market while supporting the country’s transition to a cleaner and more secure energy future.”
EvoEnergi, an affiliate of D&L Industries Inc. — a publicly listed company involved in product customization, development and specialization for the food, chemicals, plastics and consumer products ODM industries — entered the energy market with a strong industrial heritage and a forward-looking approach to sustainability.
EvoEnergi is also among the first RES companies in the Philippines to successfully implement the Retail Aggregation Program (RAP), which enables multiple customers to consolidate their demand and access competitive electricity supply.
This agreement expands the reach of MGEN’s renewable arm in providing renewable energy solutions beyond government programs like the Green Energy Option and Auction Programs. It also supports EvoEnergi in enhancing its supply portfolio while helping meet Renewable Portfolio Standards (RPS) obligations.
“With our expanding customer base, this partnership provides access to a more diversified and sustainable energy supply,” said Alvin Lao, president and chief executive of D&L Industries Inc.
“It solidifies our shared commitment to sustainability and forging a better future for the Philippines.”
