Meralco PowerGen Corporation (MGEN), Aboitiz Power Corporation (AboitizPower), and San Miguel Global Power Holdings Corp. (SMGP) have received approval from the Philippine Competition Commission (PCC) to proceed with their joint acquisition of two gas-fired power plants and a liquefied natural gas (LNG) terminal. This transaction is anticipated to strengthen the country’s energy infrastructure and enhance energy security.

The companies acknowledged the PCC’s thorough review and reiterated their commitment to fostering a competitive energy market that benefits Filipino consumers. They also assured full compliance with regulatory requirements and emphasized their dedication to collaborating with stakeholders to align with the government’s energy priorities.

The partnership reflects MGEN, AboitizPower, and SMGP’s shared vision to meet the Philippines’ growing energy demands while upholding transparency, fairness, and sustainability in the energy sector.