About RP Energy

Redondo Peninsula Energy, Incorporated (RP Energy) was founded in 2007 and is based within the Subic Bay Freeport Zone. It is a joint-venture company formed by Meralco PowerGen Corporation, Therma Power, Incorporated and Taiwan Cogeneration International Corporation.

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RP Energy
Redondo Peninsula Energy Incorporated

Who We are

RP Energy is the developer of an environment-friendly and state-of-the-art 600-MW Circulating-Fluidized-Bed coal-fired power plant in Subic.



Therma Power, Inc. is a wholly owned subsidiary of AboitizPower.

AboitizPower is the holding company for the Aboitiz Group’s investments in power generation, distribution, retail and power services. It has several hydroelectric and geothermal assets in its generation portfolio and also has non-renewable power plants located across the country. The company also owns distribution utilities that operate in high-growth areas in Luzon, Visayas and Mindanao.

Together with its partners, AboitizPower represents one of the largest private producers in the country, as well as one of the largest private renewable energy producers. It currently has 38 power plants all over the country.

AboitizPower is a publicly listed company 76% owned by Aboitiz Equity Ventures, a diversified conglomerate listed in the Philippine Stock Exchange.

This relationship with AEV allows AboitizPower to draw on the extensive business networks, local business knowledge, relationships and expertise of AEV’s and the Aboitiz Group’s senior managers to identify growth opportunities at an early stage and to capitalize on such opportunities more decisively.

AboitizPower believes that available, reliable and affordable electricity is the lifeblood of the country, fueling both the economy and individual opportunity.

AboitizPower therefore believes that it is its responsibility:

  • To provide reliable and ample power supply when needed.

  • To ensure that the supply of electricity is provided at a reasonable and competitive price.

  • And lastly, to accomplish the first two duties with the least possible adverse effects on our environment.

For more information, please visit: http://www.aboitizpower.com

Meralco PowerGen Corporation

Meralco PowerGen Corporation (MPG) is a wholly-owned subsidiary of Manila Electric Company (Meralco).

It is Meralco’s vehicle for re-entry into power generation. MPG’s mission is to develop cost-competitive and reliable power plants enabling Meralco to better assure the provision of adequate, reliable and affordable power for its residential, commercial and industrial customers.

MPG is currently in the process of developing a portfolio of baseload, mid-merit and peaking generating plants utilizing new technologies for clean coal operations, liquefied natural gas (LNG), and aeroderivative gas turbine technologies. It intends to build new generating capacity of 1,500-MW, principally in cooperation with strategic partners in the energy industry.

The company focuses on developing and building a robust, highly efficient and competitive portfolio of new power generating plants.

For more information, please visit: http://www.meralco.com.ph/

Taiwan Cogeneration Corporation

Taiwan Cogeneration International Corporation is a subsidiary of Taiwan Cogeneration Corporation (TCC).

TCC is a specialized cogeneration company founded in 1992 with the purpose of assisting the energy industry by providing the latest in cogeneration technology to upgrade power supply facilities, enhance energy efficiency and decrease energy costs.

From its inception, TCC has upheld the principle of providing professional expertise, efficiency and outstanding services to build cogeneration plants that contribute to a country’s economy while protecting the environment. TCC is already operating a number of cogeneration plants in Taiwan with more in the pipline for both domestic and overseas markets. It already has a total installed capacity of more than 2,500MW of electricity.

TCC is 27.54% owned by Taipower- Taiwan’s state-owned power utility company, 7.81% by China Development Industrial Bank, 5.70% by Mega Bank and the remaining shares by some of Taiwan’s well-known manufacturing companies.

For more information, please visit: http://www.cogen.com.tw