Do you want to Make Money and Grow Money?

YES, I want it!


By: Marvin Germo | October 21, 2019

Solar Energy Project In Bulacan

Meralco Powergen Corporation (MGen) disclosed that the solar energy project it has in Bulacan has inked an engineering, procurement, and construction (EPC) contract for its solar farm in Bulacan with a total worth of P4.25 billion. This is just the start of the company’s strike into renewable energy. Included in the disclosure made by the firm, PowerSource First Bulacan Solar, Inc. (PFBSI) signed the contract last week with SUMEC Complete Equipment & Engineering Co. Ltd. Here are other details of the news.

Catch me in my live training events! (quick plug)

The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the trainings below.

Stock Smarts Cebu – October 26-27,2019
Stock Smarts Singapore – November 6-10,2019
ICON Davao – November 30, 2019
Stock Smarts Manila – November 24, 25, December 8,9,15,2019

What The Contract Says

The contract was made in order to start the construction of the 50-megawatt (MW) alternating current solar plant of PFBSI located in San Miguel, Bulacan. The project is expected to sell energy to Meralco through an approved power supply agreement. The firm is committed to launching 1,000 MW of renewable energy projects within the next 5 to 7 years. This solar farm is just a piece of the puzzle that would create a totally unique contribution not only to Meralco and its subsidiaries but also to the lives of the consumers. So, if you are planning to invest in this company, now is the time.

Who Owns PFBSI?

MGen Renewable Energy, Inc. (MGreen), a unit of MGen, owns a 40% interest in PFBSI. 36% stake is owned by PowerSource Global Holdings Corporation while 24% is with Singapore’s Sunseap International Pte. Ltd. This is the first project of MGreen that was announced. MGen plans to develop large-scale solar, hydropower, and wind projects that can give reliable and eco-friendly power at competitive prices without the need for any subsidy. That’s a big move towards shifting to renewable energy. We know there are competing companies that are starting to adapt to renewable energy sources and it’s a good thing to know that MGen is one of them.

About EPC Contract

The firm said that the contract signing for PFBSI comes less than a week after the formal inauguration of MGen’s P56.2-billion San Buenaventura Power Ltd. Co. (SBPL). SBPL is the first supercritical coal-fired power plant in the country and it’s now giving additional supply to the grid of Luzon. SBPL has just started its commercial operation last September 26. It currently provides power to Luzon, accounting for 72% of the domestic product here in the Philippines. The plant cost, which was P42.15 billion, was funded by a finance facility, which was put together by local banks.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders
Stock Smarts Book