Meralco unit to invest P18B for RE projects

By Brix Lelis

Aug 21, 2023 12:33 am

MERALCO PowerGen Corp. (MGen), the power generation arm of Manila Electric Co. (Meralco), on Sunday said it would invest around P18 billion to boost its renewable energy (RE) buildout.

MGen said it would use the investment to construct more than 2 gigawatts (GW) of gross RE capacity from solar and wind by 2030.

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