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By: Marvin Germo | November 1, 2019

MGen Is Expecting Profit

Meralco PowerGen Corporation (MGen) is expected to recover and profit next year if its first power generation plant will be in full operation. This will reverse the losses it incurred for the past due to the delays by some of its projects. MGen, if taken as a whole, will become profitable for 2020. When asked to quantify the profit expectation of the firm, it disclosed that the budget will still undergo board review so that the management will finalize and present it by November 25. It looks like the energy generation arm of Meralco will own a good position in the market next year.

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

Launching Of SBPL

San Buenaventura Power Ltd. Co. (SBPL) was formally launched on October 15, 2019, this year. This is the first supercritical coal-fired plant in the country costing P56.2 billion and it’s giving additional supply to the Luzon grid. The firm describes SBPL as the most advanced coal plant using a high efficiency, low emissions coal technology that permits operation at high temperatures and pressures. This plant targets to reach higher efficiencies while reducing emissions. With the successful inauguration of SBPL, MGen will surely recover from its past performances.

SBPL Commercial Operation

Meralco was able to secure provisional authority from the Energy Regulatory Commission (ERC) in September to be able to operate the 500-megawatt (MW) plant. After it had secured the approval, it started to operate commercially last September 26. Currently, this powers up some parts of Luzon and this accounts for 72% of the gross domestic product of the country. The firm also noted that there will be a slight impact on the fourth quarter performance since the commercial operation started at the end of September so the last quarter profit is still possible to ramp up.

About SBPL

The cost of the plant was funded partly by a P42.15-billion project finance facility. This is believed to be the biggest all-peso transaction in the Philippines as of now. The finance facility was put together by a consortium of local banks. The power plant was constructed by a consortium of Daelim Industrial Co. Ltd. of South Korea and Mitsubishi Corp. of Japan. This partnership was described as experienced engineering, procurement, and construction contractors with very strong track records. In fact, SBPL was owned by MGen (51%) and New Growth BV who has the rest of the stake.

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
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