Press Releases
GBP supports DepEd Iloilo’s Bulig-Basa project
In attendance during the simple ceremonial turnover of the printed modules by GBP for the implementation of the Bulig-Basa project were (from left): Mr. Roel F. Bermejo, PhD, CESO V - Schools Division Superintendent for Division of Iloilo; Mr. Eugenio L. Mallorca, PhD...
MGreen partners with Vena Energy for 68MWac solar project in Ilocos Norte
MGen Renewable Energy, Inc. (MGreen) recently entered into a joint venture agreement with Vena Energy (Vena), a leading renewable energy company in the Asia-pacific region, for the development, construction, and operation of a 68 MWac solar plant in Ilocos Norte under...
A1E-supported fisherfolk group now a registered cooperative
The Atimonan Coastal Food Production Cooperative is the group behind the Atimonan’s homegrown Aplaya Spanish Sardines. Atimonan Coastal Food Production Association, the local fisherfolk group in Quezon province supported by Atimonan One Energy, Inc....
GBP marks 18th anniversary
By Panay News GBP receives Silver Anvil Award for its Adopt-A-Health Center Program during the 55th Anvil Awards. GLOBAL Business Power Corporation (GBP) is instrumental in shaping the region into what it is today and what it will become in the future. For 18...
50MW BulacanSol power plant starts commercial operations
The 50-megawatts (MW) solar power plant of PowerSource First Bulacan Solar, Inc. (PFBSI) has officially started commercial operations and now provides clean and renewable power to the Luzon grid. Now called BulacanSol, the newly completed plant secured a clearance to...
In the News
DoE accepts bids for potential
BY Maria Romero | The Daily Tribune The Department of Energy (DoE) said it has started accepting bids for 22 predetermined areas for potential geothermal and hydropower resources to accelerate the country’s renewable energy (RE) development. In its 3rd Open and...
50-MW Bulacan solar project to open in Q1
BY Alena Mae S. Flores | Manila Standard Meralco PowerGen Corp., which took a majority stake in PowerSource First Bulacan Solar Inc., expects the completion of a 50-megawatt solar power plant in the first quarter. Manila Electric Co. said in a disclosure to the...
MGen sets aside P159M for bigger stake in solar unit
By: Ronnel W. Domingo | Philippine Daily Inquirer The power generation arm of Manila Electric Co. (Meralco) has earmarked P158.95 million to secure a controlling interest in an affiliate that is building a solar farm in Bulacan province. Meralco said in a...
Meralco’s MGen takes control of Bulacan solar firm for P159M
By BusinessWorld MERALCO PowerGen Corp. ( MGen) has gained control over a solar energy company in Bulacan by acquiring its co-owner’s shares for P158.95 million, its parent fi rm Manila Electric Co. ( Meralco) told the local bourse on Thursday. In a regulatory...
Meralco unit buys stake in PFBSI
By Lorenz S. Marasigan | Business Mirror The power generation arm of Manila Electric Co. (Meralco) said on Thursday it spent P158.95 million to acquire a 20-percent shareholding in PowerSource First Bulacan Solar Inc. (PFBSI), a company that is currently...
Meralco subsidiary buys 20% stake of Singaporean solar project partner
by Elisor Recide | Manila Bulletin Meralco PowerGen Corporation (MGen), the power generation investment arm of Manila Electric Company, has acquired 20-percent of the shareholdings held by its Singaporean firm-partner Sunseap in the 50-megawatt PowerSource...
Meralco unit buys stake in PFBSI for P159M
By Jordeene B. Lagare | Manila Times The power generation arm of the Manila Electric Co. (Meralco) is acquiring a 20-percent stake in PowerSource First Bulacan Solar Inc. (PFBSI) for P159 million. In a disclosure of Thursday, the listed electricity distributor...
PHL needs a clear energy transition plan
By Business Mirror Editorial Will the pandemic lead to social revolts? Recent reports on vaccines working effectively make us optimistic about the Philippine economic forecast in 2021. Effective vaccines will help ignite faster economic recovery. Government has...
PSE suspends Meralco’s trading of securities amid pending acquisition
BY Angelica Y. Yang | BusinessWorld THE LOCAL bourse on Monday suspended the trading of securities of Manila Electric Co. (Meralco), which earlier announced its unit Meralco PowerGen Corp.’s (MGen) intention to acquire 100% ownership of Global Business Power...
Meralco says sale price of GBPC is fair, reasonable
By Alena Mae S. Flores | Manila Standard Manila Electric Co. said Monday the acquisition price of P34.466 billion that wholly-owned unit Meralco PowerGen Corp. paid for the 86-percent stake in Global Business Power Corp. is “fair and reasonable.” Meralco said...