MPower, the local retail electricity supplier of Manuel V. Pangilinan-led Manila Electric Company (Meralco), has secured the deal to supply a total of 100 megawatts (MW) of renewable energy to Andrew Tan-led Alliance Global Group, Inc. (AGI) through its companies Megaworld and Newport World Resorts operator, Travellers International Hotels.

MPower recently signed retail supply contracts with AGI’s businesses, allowing the property developer’s hotels, resorts, and real estate projects to use renewable energy for their operations.

“This partnership between MPower is a significant move towards AGI’s goal of achieving carbon neutrality as it signals our full transition to tapping renewable energy sources for our businesses. Power consumption accounts for about 95% of AGI’s carbon emissions from our day-to-day operations. Sourcing 95% of our energy requirement from renewable sources will significantly lessen our emissions from our operations,” AGI Chief Executive Officer Kevin Andrew L. Tan said.

The partnership also brings AGI closer to its target to source 100% of its power requirements from renewable energy by 2025.

"AGI now stands among our valued partners benefitting from clean energy. We look forward to fostering a mutually empowering partnership that also paves the way for boundless opportunities for Filipinos," said Redel M. Domingo, First Vice President and Head of MPower.

MPower continues to contribute to its customers’ drive for more sustainable business operations and to support Meralco’s target to be entirely coal-free by 2050. 

“AGI has commendable efforts in procuring up to 95% of its power requirements from renewables, making 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,” Meralco Chairman and Chief Executive Officer Manuel V. Pangilinan concluded.