The global health crisis brought by the coronavirus pandemic posed unprecedented challenges that put businesses to a test. As part of the private sector that continues to work with the government to fight the pandemic, Meralco PowerGen Corporation had to take another look at its priorities and ensure not only continuity in operations, but also put even more importance to the health and safety of its employees and stakeholders.
While work on its projects has resumed, the company implements strict health and safety protocols and flexible work arrangements to help curb the spread of the virus. The company also continues to extend aid to its host communities that it hopes would help the local governments in their battle against the pandemic.
“The current situation underscores the importance of continuous, reliable, sufficient and cost-competitive electricity supply that is necessary to carry out the efforts to fight COVID-19 and help people to continue sustain their needs at the comfort of their homes,” said MGen President and CEO Rogelio L. Singson.
“As the power generation unit of Meralco, MGen’s core values and business strategy is aligned with One Meralco Group’s Sustainability Agenda which involves plans in the context of the United Nations Sustainable Development Goals with focus on Power, Planet, People and Prosperity,” he added.
The One Meralco Sustainability Agenda sets the direction in achieving business objectives while transforming operations, improving customer service, protecting the environment, and empowering communities.
MGen’s role focuses on sustainable energy for the country’s future through the implementation of the energy transition plan that involves an environmentally conscious power generation portfolio that will utilize high efficiency, low emissions (HELE) technology and renewable energy (RE).
The company already laid the groundwork for this energy transition plan in 2019 with the its first operating HELE plant and its first solar investment.
In September 2019, the company started commercial operations of San Buenaventura Power Ltd. Co.’s (SBPL) 500-MW HELE coal-fired power plant. This supercritical power station is the first of its kind in the Philippines and the most advanced and most efficient operating coal plant in the country to date.
MGen is also making serious strides on the RE front. In June 2019, the company incorporated MGen Renewable Energy, Inc. (MGreen) which serves as the platform for its strategic push for the development of utility-scale solar, wind and hydro projects.
Through MGreen, the company targets about 1,000 MW of RE projects over the next five to seven years. The company’s first solar investment is a 50-MWac solar farm in Bulacan, which is currently being constructed and is expected to be completed in 2021.
“We will develop more renewable projects and at the same time be conscious of our need to generate lowest cost electricity to reach the farthest communities in the country,” said Mr. Singson. “
At MGen, we believe that we need a balanced and well-thought-out energy transition strategy. It will not happen overnight, but we are committed to make it happen,” he concluded.