MERALCO PowerGen CORP (MGen) #45264

Created at
2024-01-31
Last update
2024-06-27

1 Parents (Involvements as child)

ID
45605
Name
Manila Electric Co. (Meralco)
Country of registration/origin
Philippines
Classification
Stock-exchange listed company
Relationship
Parent company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %

4 Children (Involvements as parent)

ID
45606
Name
PowerSource First Bulcan Solar Inc. (BulacanSol)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
Comment
the P4.25-billion project is a joint undertaking of MGen Renewable Energy, Inc. (MGreen), which owns 60% of the project; and PowerSource Energy Holdings Corp., with 40%.
ID
46010
Name
Nuevo Solar Energy Corp. (NSEC)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
ID
46611
Name
SP New Energy Corporation (SPNEC)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
Ownership share
35.70 %
ID
46887
Name
MGen Renewable Energy Inc. (MGreen)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Investment type
Shares/Equity
Ownership share
100.00 %
Comment
MGen Renewable Energy, Inc. (MGreen) is a wholly owned subsidiary of Meralco PowerGen Corporation (MGen) as its renewable energy unit with three operating solar plants in Luzon namely: PowerSource First Bulacan Solar Inc. (PFBSI), PH Renewables, Inc. (PHRI), and Nuevo Solar Energy Corporation (NSEC) with a total gross capacity of 198 MWac. Source: MGen News Release