Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
MGen to acquire 50% stake in Pangasinan solar project
The Philippine Star
|August 23, 2024
Meralco PowerGen Corp. of tycoon Manuel V. Pangilinan is acquiring a 50-percent stake in Vena Energy's 550-megawatt (MW) solar project in Pangasinan, which may commence operations next year.
MGen, through MGen Renewable Energy Inc.(MGreen), recently inked an investment agreement for the development and operation of the Bugallon solar power project under 3 Barracuda Energy Corp.3BEC is a subsidiary of Vena Energy, a Singapore-based company that boasts a portfolio of 45 gigawatts of RE capacity in the Asia-Pacific region.
MGen is expecting the deal to reach financial close this month or next, paving the way for the start of project development.
The commercial operations, meanwhile, are targeted as early as October next year.
This story is from the August 23, 2024 edition of The Philippine Star.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Philippine Star
The Philippine Star
Outbreak?
I was a non-statistic in the non-outbreak of influenzaillness that’s spreading across the country.
2 mins
October 28, 2025
The Philippine Star
KOREAN ACTOR BANG SUNG HOON WANTS TO WORK WITH KAPUSOSTARS
BANG SUNG HOON IS THE BEST AMONG THE KOREAN ACTORS I've interviewed.
2 mins
October 28, 2025
The Philippine Star
Ex-DPWH
From Page 1
3 mins
October 28, 2025
The Philippine Star
BBM accepts Santiago’s resignation as NBI chief
Magno named OIC director
2 mins
October 28, 2025
The Philippine Star
'Life of a Showgirl' may just be Taylor Swift's best work yet
I did not have high hopes for an album that Taylor Swift would release this year.
2 mins
October 28, 2025
The Philippine Star
Reclamation, not flood control
Apart from substandard and nonexistent flood control projects, of which some of the ghost projects are even funded year after year, another dimension in this continually growing scandal has emerged.
1 mins
October 28, 2025
The Philippine Star
The corrupt are terrorists; AMLC seize their assets now
At the Oct. 22, 2025 Senate committee hearing to grant extraordinary powers to the Independent Commission for Infrastructure, a debate ensued between former Senate president Frank Drilon and former Chief Justice Reynato Puno over the grant of such powers.
4 mins
October 28, 2025
The Philippine Star
Anchored
No one loves the valueadded tax (VAT).
3 mins
October 28, 2025
The Philippine Star
TWO LIVES, RARE ILLNESSES, AND THE SHARED COURAGE TO KEEP GOING
There are moments in life when we look at someone we admire and think: “They’re invincible.”
4 mins
October 28, 2025
The Philippine Star
Preloved book industry flipping through market volatilities
Alex Grace has been saving up for a foreign book she saw at a local bargain book store in Manila in March.
4 mins
October 28, 2025
Listen
Translate
Change font size