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MGEN spending P8.8 B for Cebu coal project
The Philippine Star
|January 02, 2026
Pangilinan-led Meralco PowerGen Corp. (MGEN) will invest roughly $150 million (about P8.8 billion) in expanding its coal-fired power capacity in Cebu, its top executive said.
MGEN president and CEO Emmanuel Rubio said the investment would fund the development of the 73-megawatt (MW) Toledo coal project in the province.
He added that the project is slated to break ground in the first quarter, with about P1 billion earmarked for this year alone.
MGEN, the power generation arm of utility giant Manila Electric Co., intends to complete the Toledo project by October 2028.
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