Infrastructure
MGEN Eyes Acquisition of 232 MW Mindanao Coal Plant
Meralco PowerGen Corp. (MGEN) is considering acquiring the 232 MW STEAG Mindanao Coal plant, Mindanao's first coal-fired facility, driven by the region's growing electricity demand. The government is proceeding with the plant's privatization.
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- MGEN Signals Potential Interest in Mindanao Power Plant Privatization
MERALCO PowerGen Corp. (MGEN) has signaled potential interest in a 232-megawatt (MW) coal-fired power plant in Mindanao slated for privatization. The company's president cited growing electricity demand as a creating opportunity.