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PacificLight Power appointed a consortium of Mitsubishi Power and Jurong Engineering Limited to develop a 670MW hydrogen-ready combined cycle gas turbine facility on Jurong Island, Singapore. The plant is expected to commence operations in 2029.
Meralco PowerGen Corporation (MGen) will acquire the remaining 86% of Global Business Power Corporation (GBP) from Metro Pacific Investments Corporation and JG Summit Holdings Inc. for a total of PHP 34.466 billion, making GBP a wholly-owned subsidiary.