| $MER said that it approved the request of a subsidiary’s unit for a P424.2M equity funding for its solar projects | | MGreen is the renewable energy subsidiary of MGen, the power generation arm of listed electric distribution utility $MER | | MGreen previously announced its plan to invest in 1K MW of renewable energy projects […]
MGen giving P424 million to MGreen for 210 MW of solar-power projects
THE Manila Electric Co. (Meralco) will provide P424 million to MGen Renewable Energy Inc. (MGreen) to partly finance the development of 210 megawatts (MW) of various solar-power projects. “The company’s board of directors approved the request from MGreen, a subsidiary of Meralco PowerGen Corp., for a total of P424.2-million equity funding for its solar projects […]