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MGEN plots entry into Malaysia's gas market
The Philippine Star
|September 22, 2025
Tycoon Manuel V. Pangilinan's Meralco PowerGen Corp. (MGEN) is stepping on the gas pedal in its regional expansion, targeting Malaysia as its next strategic market.
MGEN president and CEO Emmanuel Rubio said the company is looking to develop gas-fired power plants in Malaysia, aiming to capitalize on the country's rising energy demand driven by the booming data center industry.
"Malaysia is requiring 8,000 megawatts (MW) of new capacities, so we're looking at ways on how to be able to participate. Malaysia is preparing for investments in data centers," he said.
Rubio noted that MGEN's bold foray into the Malaysian market could materialize as early as "late 2028."
This story is from the September 22, 2025 edition of The Philippine Star.
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