“The groundbreaking of this hydrogen-ready power plant reflects our confidence in Singapore’s economic and energy future, as well as our commitment to further expanding MGEN’s footprint beyond the Philippines and pursuing opportunities that strengthen our presence on a global scale,” MGEN chairman Pangilinan said.
“Through PacificLight, we are proud to contribute to Singapore’s energy security while advancing innovative, future-ready solutions for the region’s energy industry. As the Philippines further strengthens its role in the ASEAN region, this investment underscores the importance of deepening regional connections and collaboration,” added Pangilinan, who also sits as chairman and CEO of Meralco.
In January 2025, the Energy Market Authority of Singapore (EMA) awarded PacificLight the right to build, own and operate the plant under its Centralised Process for new generation capacity. The plant will meet Singapore’s growing energy needs, which are driven by growth in existing and emerging electricity-intensive sectors such as advanced manufacturing, digital economy, and transport electrification.
“This S$1.2-billion investment reflects MGEN’s long-term confidence in Singapore’s energy future and our commitment to supporting PacificLight as a trusted energy partner. By combining highly efficient, hydrogen-ready power generation with battery energy storage, the project strengthens energy security while advancing a more flexible and sustainable energy system.
Following MGEN’s commercial operations of MTerra Solar in the Philippines this year, this project marks another significant milestone in our growing energy portfolio and reinforces our commitment to delivering innovative solutions that support a more secure, sustainable and resilient energy future across the region,” MGEN president and CEO Rubio shared.