MGEN, EvoEnergi Ink Power Supply Deals

(From L-R) are MThermal President and CEO Jaime T. Azurin; MGreen President and CEO Dennis B. Jordan; MGEN President and CEO Emmanuel V. Rubio; Meralco Chairman Manuel V. Pangilinan; President and CEO of D&L Industries, Inc. Alvin Lao; and EvoEnergi President Julian Lao

​Meralco PowerGen Corporation (MGEN), a wholly owned subsidiary of Manila Electric Company (Meralco), has entered two (2) Power Supply Agreements (PSAs) with EvoEnergi Inc., a newly licensed Retail Electricity Supplier (RES), supporting the delivery of both conventional and renewable energy to contestable customers. This reflects a shared commitment to advancing energy reliability and sustainability through strategic partnerships within the competitive retail electricity market.

​The PSAs were signed through MGEN’s thermal and renewable energy arms – MThermal and MGreen. These will aim to provide EvoEnergi with a diverse mix of energy sources for their clients at a competitive offer. Under the agreements, MGEN’s business units will supply energy sufficient to serve 62,000 households from both renewable and thermal sources.

“This partnership with EvoEnergi reflects the strength of MGEN’s diversified energy portfolio. By combining conventional and renewable sources, we are helping meet the evolving needs of the retail electricity market while supporting the country’s transition to a cleaner and more secure energy future,” MGEN President and CEO Emmanuel V. Rubio said.
 
EvoEnergi, an affiliate of D&L Industries, Inc. — a publicly listed company engaged in the product customization, development, and specialization for the food, chemicals, plastics and consumer products ODM industries, entered the energy market with a strong industrial heritage and a forward-looking approach to sustainability. EvoEnergi is also among the first RES companies in the Philippines to successfully implement the Retail Aggregation Program (RAP), enabling multiple customers to consolidate their demand and access competitive electricity supply.

Moreover, this agreement expands the reach of MGEN’s renewable arm in providing renewable energy solutions beyond government programs like the Green Energy Option and Auction Programs. It also supports EvoEnergi in enhancing its supply portfolio while helping meet Renewable Portfolio Standards (RPS) obligations.

“With our expanding customer base, this partnership provides access to a more diversified and sustainable energy supply. It solidifies our shared commitment to sustainability and forging a better future for the Philippines,” said President and CEO of D&L Industries, Inc. Alvin Lao.
 
As MGEN expands its diversified energy portfolio, it remains committed to enabling the growth of emerging RES providers and helping shape an energy future where all Filipinos have access to reliable, affordable, and sustainable power.