Atimonan One Energy Inc.’s 1,200-megawatt (MW) ultra-supercritical coal plant in Quezon province aims to secure an anchor market by participating in Manila Electric Co.’s competitive selection process or the Department of Energy’s (DOE) planned baseload auction.
“We’re making preparations to be able to participate in a CSP by January or participate in a baseload capacity auction, if there is no CSP, with DOE,” said Emmanuel Rubio, Meralco PowerGen Corp. president. MGen is the parent firm of A1E.
“We’re coordinating with DOE the best way to actually get this capacity in since it’s allowed anyway. But we’re expecting that the delivery of this unit is February 2030,” Rubio said.
A1E is expected to generate enough power supply to cater to at least 5 million households (based on an average monthly consumption of 150 kilowatt-hours) or the equivalent energy needs of approximately 1,000 hospitals.
It is also expected to generate as many as 6,000 jobs during the construction phase and around 300 long-term roles once the plant begins operations.
Meanwhile, Rubio said they are working with an engineering, procurement and construction (EPC) contractor for the proposed 73-MW Toledo coal plant in Cebu.
“We’re working with an EPC already but we have not signed yet. But the delivery of Toledo is 2028,” he said.
The plant will be located in Daanglungsod, Toledo City, and is being developed by Toledo Power Co.
Rubio said the Toledo plant’s output will be purchased by MGen’s retail electricity supplier for the retail market.
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 (LNG) facility in Singapore, and SP New Energy Corporation, a renewable energy company. MGen has also invested a 40.2 percent stake in an integrated LNG facility in Batangas.
