Alliance Global taps Meralco’s MPower for clean energy

March 5, 2024 | 12:00am

MANILA, Philippines — The local retail electricity supplier of Manila Electric Co. (Meralco) is set to supply clean energy to Alliance Global Group Inc. (AGI) of tycoon Andrew Tan.

Meralco’s MPower has entered into a contract to supply 100 megawatts of renewable energy to AGI through its companies Megaworld and Travellers International Hotels, the operator of Newport World Resorts.

AGI CEO Kevin Tan said the partnership would help achieve carbon neutrality, as it will signify the transition to renewable energy sources for their businesses.

Tan said 95 percent of AGI’s carbon emissions could be attributed to power consumption from their businesses’ day-to-day operations.

“Sourcing 95 percent of our energy requirement from renewable sources will significantly lessen our emissions from our operations,” Tan said.

The partnership will also help AGI source 100 percent of its power requirements from renewable energy by 2025.

Meralco chairman and CEO Manuel V. Pangilinan lauded AGI for procuring 95 percent of its power requirements from renewable energy.

Pangilinan said AGI’s partnership with MPower makes it “a forerunner in the adoption of cleaner energy sources.”

“Meralco is glad to partner with institutions that champion stewardship of the future generations of Filipinos,” Pangilinan said.

Meralco aims to be coal-free by 2050.

Meanwhile, the Department of Energy plans to increase the share of renewable energy to its power generation mix to 35 percent by 2030 and further to 50 percent by 2050.