Meralco unit gets P400M funding for RE projects

By Angelica Ballesteros | The Daily Tribune The renewable energy (RE) arm of power distribution giant Manila Electric Company (Meralco) is looking to develop P10-billion worth of solar projects. In a disclosure to the stock exchange on Tuesday, Meralco said its...

Meralco injecting P10-B equity into 210-MW solar projects

By Myrna M. Velasco | Manila Bulletin The power generation arm of Manila Electric Company (Meralco) will be injecting P424.2 million worth of equity investments in initial 210 megawatts of solar projects that will command total capital outlay of P10.01 billion. The...

MGEN gets P424M funding

By Malaya Business Insight MGEN Renewable Energy Inc. (MGreen) has secured P424 million worth of equity funding that will be used to invest in various solar projects under development with a combined capacity of 210 megawatts (MW) and total combined project cost of...

Meralco infusing P424 million into green unit

By Danessa Rivera | The Philippine Star   MANILA, Philippines — Manila Electric Co. (Meralco) is pouring in P424 million in the renewable energy unit of power generation arm Meralco Powergen Corp. (MGen) to finance its pipeline of solar project developments. In a...

Meralco to invest P424 million in MGreen’s solar power projects

By Victor V. Saulon | BusinessWorld MANILA Electric Co. (Meralco) said on Tuesday that its board of directors had approved the request of a subsidiary’s unit for a P424.2-million equity funding for its solar projects under development with a combined capacity of...

Meralco gets funds for solar power projects

By Ronnel W. Domingo | Philippine Daily Inquirer MGen Renewable Energy Inc. (MGreen), part of the Meralco group, has secured P424 million in equity funding from Manila Electric Co. for investments in various solar power projects that are now being developed. MGreen is...