The facility will supply clean power to over two million households, aligning with the country's push for a sustainable energy future. MGEN Renewable Energy Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corp., holds a controlling stake in SPNEC. "This signing ceremony goes beyond what it is but a commitment by Meralco and MGEN to change the energy landscape," Meralco chairman and CEO Manuel V. Pangilinan said in a statement. "We welcome the partnership with Energy China and we are confident that we can drive this project to completion, on time and beyond expectation," he said. Energy China, a Fortune Global 500 firm with operations in more than 140 countries, has extensive experience in large-scale infrastructure projects, including the Three Gorges Dam and advanced energy storage systems.