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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.
Bu hikaye The Philippine Star dergisinin August 23, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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The Philippine Star
AdventEnergy seals integrated energy solutions services for Bacolod's L' Fisher Hotel
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1 min
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The Philippine Star
Death toll in Jamaica hurricane rises to 28
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1 min
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The Philippine Star
DICT on Nov. 5 cyber threats: Don't panic
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1 min
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The Philippine Star
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Irma Ponce-Enrile Potenciano is one of the most notable figures in the field of Philippine music.
2 mins
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The Philippine Star
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1 mins
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The Philippine Star
Celebrity 'creatures' come out to slay at 'The New Nocturnals'
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The Philippine Star
Eala cracks WTA Top 50
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1 min
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The Philippine Star
EMMAN ATIENZA'S ENDURING LEGACY: HER LIGHT FOR OTHERS
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4 mins
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The Philippine Star
Hamas hands over three more hostage bodies
Hamas handed over bodies of three hostages on Sunday, even as the Palestinian militant group traded blame with Israel for violations of the tenuous truce that has mostly halted two years of war.
1 min
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The Philippine Star
MakatiMed Laser Center: 30 years of courage, compassion, and care
Makati Medical Center (MakatiMed) recently celebrated the 30th anniversary of its Laser Center under the Department of Dermatology with a meaningful progam held in collaboration with the Breast Imaging Center and the Department of Psychiatry at the 8F Tower 2 Auditorium.
1 mins
November 04, 2025
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