Meralco PowerGen Corp., the generation arm of Manila Electric Co., is advancing two coal-fired power projects with a combined capacity of 1,273 megawatts, according to an executive.
The projects are intended to help boost the country’s baseload power requirements.
MGEN president Emmanuel Rubio said the company identified a Chinese engineering, procurement and construction (EPC) contractor for the proposed 73-MW Toledo coal plant in Daanglungsod, Toledo City. The project is targeted for completion by 2028 and will be managed by Toledo Power Co.
Rubio said the Toledo plant’s output will be purchased by MGEN Retail Electricity Supplier for the retail market.
Meanwhile, MGEN closed the bidding for the EPC contract for the Atimonan One Energy Inc.’s 1,200-MW ultra-supercritical coal plant in Quezon province. The company is hoping to complete the project by 2030.
“We received three offers, and we’re now discussing details of the offers from the three bidders,” he said, adding that the bidders are also Chinese contractors.
Across its portfolio, MGEN has a combined net sellable capacity of 5,068 MW from traditional and renewable sources as of July 2025. It plans to double this capacity to 10,346 MW by 2030.
Its main subsidiaries include Global Business Power, MGEN Renewable Energy Inc. and MGEN Gas Energy Holdings, Inc.
MGEN holds stakes in PacificLight Power, a liquefied natural gas facility in Singapore and SP New Energy Corporation, a renewable energy company. MGEN also has a 40.2-percent stake in an integrated liquefied natural gas facility in Batangas.
