Meralco PowerGen Corporation (MGEN) said it has enough fuel supply and operational readiness to ensure continuous electricity generation despite geopolitical tensions in the Middle East driving up global energy prices.

In a statement released today (March 12), the company said that its power plants operate with high availability through rigorous plant maintenance and efficient operations, thus enabling them to consistently meet electricity demand and contribute to overall grid stability.

MGEN assured that it currently has adequate fuel supply for all of its existing generation facilities, allowing the company to support operational requirements despite the volatility of the global fuel market.

“At Meralco PowerGen Corporation (MGEN), our foremost responsibility is to help ensure reliable and stable electricity supply for the Philippines and Singapore where we have presence, especially during this period,” said MGEN President and CEO Emmanuel V. Rubio.

The company said it is also strengthening its long-term contribution to energy security by investing in new capacity. This includes the 3,500-megawatt peak MTerra Solar project paired with a 4,500-megawatt-hour battery energy storage system.

According to MGEN, the combination of renewable energy and battery storage demonstrates that variable renewable energy can serve as a viable alternative to traditional mid-merit power sources that rely heavily on imported fuels.

MGEN also highlighted its diversified power generation portfolio with a combined net saleable capacity of 5,069.7 megawatts across thermal, liquefied natural gas, and renewable energy assets across the Philippines and Southeast Asia.

The company added that it continues to enforce energy efficiency initiatives as well as promoting responsible energy use and management of electricity demand.

MGEN reiterated that it remains committed to working closely with government, industry partners, and other stakeholders to support a stable, reliable, and more sustainable energy future for the region.

How important is it for power generators to maintain diversified energy portfolios during periods of global fuel market uncertainty?

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