Meralco PowerGen Corp. (MGen), the power generation arm of Manila Electric Co. (Meralco), lined up its priorities for 2025, including the successful project execution of Terra Solar Philippines Inc.
MTerra Solar is constructing a 3,500-megawatt peak of solar PV with 4,500 megawatt-hour of battery, capable of supplying clean energy to over two million households.
The project, costing P200 billion, in Nueva Ecija, is expected to begin commercial operations in phases, with phase 1 scheduled for February 2026 and phase 2 following in February 2027.
“We have signed all EPC [engineering, procurement and construction] contracts and awarded supply of energy storage systems. Work at site has started and is in full swing,” MGen president Emmanuel Rubio said.
He said MGen, through its gas unit, would also focus on the “financial close” of the acquisition of the Batangas gas plants and the gas terminal of San Miguel Global Power Holdings Inc. by the joint venture between MGen and Aboitiz Group.
The Philippine Competition Commission approved the joint acquisition of the power facilities and a LNG terminal by MGen, Therma Natgas Power Inc. of Aboitiz Power and San Miguel Power subject to certain conditions.
“We also expect COD [commercial operations date] of Excellent Energy (Resources Inc.) starting January, a unit at a time,” he said. EERI is building a 1,300-megawatt LNG-fired power plant in Batangas.
Rubio said MGen would also continue growing the pipeline for subsidiary MGen Renewable Energy Inc. (MGreen) by land banking in Batangas and Northern Luzon.
He said they would also complete the project development phase of MGen’s base-load expansion in Quezon and Cebu provinces and “continue to build our organization with the right talents that will allow us to achieve our growth aspirations.”
Rubio said the company’s achievements last year wouldn’t have been possible without the dedication, passion and shared vision of MGen and its partners.
“To all our employees, partners, and stakeholders—thank you for your unwavering support and trust. Together, we are lighting the way toward a brighter, cleaner future. As we usher in 2025, let us continue to embrace challenges as opportunities, inspire innovation, and create meaningful impact for our communities and the planet,” he said.
