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Meralco Powergen Corporation (Philippines)

Main Activities: Management of Companies and Enterprises | Offices of Other Holding Companies
Full name: Meralco Powergen Corporation Profile Updated: February 20, 2026
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

Meralco PowerGen Corporation (MGen) is the power generation investment arm of Manila Electric Company (Meralco), focused on developing, constructing, and managing power generation facilities to ensure reliable and competitive electricity supply for the Philippines. MGen's portfolio includes large-scale power projects utilizing conventional and renewable energy technologies such as natural gas, coal, solar, and emerging alternatives. The company participates in all stages of project development, including feasibility studies, engineering, procurement, construction, plant operations, and stakeholder engagement. Through subsidiaries and joint ventures, MGen is involved in strategic baseload and mid-merit generation assets that support Meralco's supply requirements and contribute to national grid stability. Strategically, the company is shifting toward cleaner and sustainable energy, investing heavily in renewable energy expansion under its subsidiary MGen Renewable Energy, Inc. (MGreen) while maintaining a balanced generation mix to support long-term energy security.

Headquarters
8Th Floor Rockwell Business Center Tower, Ortigas Avenue
City Of Pasig; Second District, National Capital Region (Ncr);

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Basic Information
Total Employees:
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Financial Auditors:
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Incorporation Date:
November 21, 2001
Key Executives
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Director
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Director
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Director
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Director
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Director
Ownership Details
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100%
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Subsidiaries
Corporate Information Solutions, Inc
100%
E-Meralco Ventures Inc.
100%
Esakay, Inc.
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PHP. Absolute financial data is included in the purchased report.
Net sales revenue
13.09%
Total operating revenue
-20.79%
Operating Profit/Loss (EBIT)
23.04%
EBITDA
22.9%
Net Profit/Loss for the Period
23.05%
Total Assets
14.67%
Total Equity
15.2%
Operating Profit Margin (ROS)
8.46%
Net Profit Margin
8.46%
Return on Equity (ROE)
0.58%
Quick Ratio
7.4%
Cash Ratio
7.48%

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