Press Releases
A1E continues its support to mangrove planting activities
Some volunteers from fisherfolks community in Atimonan during the mangrove planting activity held last March 22 at Brgy. Balugohin coastal area. As part of its commitment to contribute to environmental protection, Atimonan One Energy, Inc. (A1E) on March...
A1E wins Excellence Quill award for its Aplaya Sardines livelihood program
Members from Atimonan Coastal Food Production Association, the group behind the Atimonan’s homegrown Aplaya Spanish Sardines. Atimonan One Energy, Inc. (A1E) has won an Excellence Award for its livelihood project during the 18th Philippine Quill Awards...
PFBSI achieves 1.5 Million Safe Man-hours
PFBSI Site and Construction Manager Ryan Panela awarded a plaque of recognition to SUMEC, represented by Project Director Lennon Zhong, for achieving 1.5 Million safe man-hours at the power plant site in Bulacan. PowerSource First Bulacan Solar, Inc. (PFBSI)...
A1E Contractors Conduct 4-day Coastal Clean Up Drive
Some employees and construction workers of Atimonan One Energy, Inc (A1E) project contractors who joined the coastal cleanup drive last January 29. As part of their commitment to environmental stewardship, contractors and sub-contractors of Atimonan One Energy,...
A1E, Rex Bookstore turn over PHP4.5M worth of books to Atimonan schools
Carmelo Eusebio Altamira and Soleta Agravante, DepEd Atimonan District Supervisor, together with two principals from Junior High Schools in Atimonan received the books donated by Rex Bookstore. As a part of their continuing support to distance learning amidst...
In the News
JG Summit, MPIC sell stakes in GBP to Meralco PowerGen
By Sunstar Cebu LISTED firm JG Summit Holdings Inc. and Metro Pacific Investments Corp. announced Wednesday, Dec. 23, 2020 the signing of agreements with Meralco PowerGen Corp., a wholly owned generation subsidiary of Manila Electric Company, to transfer their...
Meralco Powergen acquires 100% of Global Business Power
By Bilyonaryo.com JG Summit Holdings Inc. and Metro Pacific Investments Corp. (MPIC) are consolidating their power businesses under a single entity to increase operational efficiency and create scale. Based on filings with securities regulators, JG Summit and...
Meralco PowerGen to take over Global Business Power Corp.
By Jon Viktor D. Cabuenas | GMA News Meralco PowerGen Corporation (MGen), a wholly-owned generation subsidiary of the Manila Electric Co. (Meralco), is set to fully acquire and take over Global Business Power Corporation (GBP), a leading power producer outside...
Meralco PowerGen absorbs, buys out 100 pct of Global Business Power
By ABS-CBN News MANILA - Meralco's power generation firm PowerGen Corp (MGen) has acquired 100 percent ownership of Global Business Power Corp (GBP) in a move to organize the group's power assets. MGen signed agreements with JG Summit Holdings and Beacon...
MGen poised to take full control of Vis-Min power producer
By RONNEL W. DOMINGO | Philippine Daily Inquirer Meralco PowerGen Corp. (MGen) signed agreements with a firm under the Manuel Pangilinan-led group as well as JG Summit to fully own Global Business Power Corp. (GBP), for a combined transaction worth about P34.4...
Meralco PowerGen buys GBP for P34B
By Maria Romero | The Daily Tribune The group of businessman Manuel V. Pangilinan, through Meralco PowerGen Corporation (MGEN), fully acquires tycoon George Ty’s power company, Global Business Power Corporation (GBP), for P34 billion. In a disclosure on...
Meralco unit buys 86% stake in GBP
By Jordeene B. Lagare | Manila Times Meralco PowerGen Corp. (MGen), the power generation unit of Manila Electric Co. (Meralco), acquired 86 percent stake in Global Business Power Corp. (GBP). MGen signed on Wednesday the signing of share purchase agreements...
Meralco PowerGen acquires 86% in affiliate firm GBPC for P34.47-B
by Myrna M. Velasco | Manila Bulletin Meralco PowerGen Corporation (MGEN), a power generation investment subsidiary of Manila Electric Company (Meralco) has acquired 86-percent shareholdings of affiliate firm Global Business Power Corporation (GBP) for P34.466...
MGen takes full ownership of GBP
By The Philippine Star MANILA, Philippines — Gokongwei-owned JG Summit Holdings Inc. and Pangilinan-led Metro Pacific Investments Corp. (MPIC) are consolidating their power sector investments under Manila Electric Co. (Meralco). Under the plan, JG Summit and...
Meralco takes full control of Global Business Power
By Alena Mae S. Flores Manila Standard Manila Electric Co. said Wednesday wholly-owned unit Meralco PowerGen Corp. will take full ownership of Global Business Power Corp. after acquiring an additional 86-percent stake for P34.466 billion. Meralco said in a...