MGen Renewable Energy, Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corp. (MGen), said Monday it signed the engineering, procurement and construction (EPC) contracts for its solar power plant projects in Cordon, Isabela and Bongabon, Nueva Ecija.
MGreen awarded the contracts to SUMEC Complete Equipment and Engineering Co. Ltd. on Jan. 24, 2024 at its office in Ortigas Center, Pasig City.
The EPC contracts are for the construction of the 49-megawatt solar plant in Cordon and the 18.75-MW plant in Bongabon.
MGen president and chief executive Jaime Azurin said SUMEC is the company’s strategic partner “as we embark on the transformative journey towards realizing our vision of becoming a company at the forefront of renewable energy utilization.”
“We hope that with the cooperation of SUMEC, we’ll be able to deliver the project on time, on schedule, and within budget,” Azurin said.
Both solar plants are among the winning bidders in the Department of Energy’s (DOE) second round of Green Energy Auction Program (GEAP).
MGreen said these projects reflect the company’s strategic move to expand its solar power capacity and contribute significantly to the nation’s renewable energy aspirations.
“As we move forward on this journey, the real hard work begins—the day-to-day dedication to ensuring the timely completion of these projects. We encourage the team to bring forth the same level of hard work and collaborative spirit to effectively address any challenges that may arise along the way,” MGen expanding markets division head Dan Neil said.
The company aims to start the commercial operations of the two solar plants in the first quarter of 2025.
SUMEC’s senior marketing and sales Director Lennon Zong said MGen is one of their most valuable clients as he assured the timely completion of the said projects.
MGreen has three operating solar plants including PowerSource First Bulacan Solar Inc.’s (PFBSI) 55-MW solar plant in San Miguel, Bulacan in partnership with PowerSource Energy Holdings Corp.; Nuevo Solar Energy Corp.’s (NSEC) 68-MW solar farm in Currimao, Ilocos Norte with Vena Energy’s Pasuquin Energy Holdings Inc.; and PH Renewables Inc.’s (PHRI) 75-MW solar farm in Baras, Rizal with Mitsui & Co.’s Mit Renewables Power Corp.