MGEN Thermal’s subsidiary, Panay Energy Development Corporation (PEDC), has successfully synchronized Unit 3 of its 278.4-megawatt coal-fired power plant in Iloilo City to the grid, completing its recovery following an equipment failure in May 2026 and restoring an important source of reliable power for Panay Island and the wider Visayas.
The return of Unit 3 to service was completed ahead of the previously communicated recovery timeline after an intensive engineering and restoration program that prioritized safety, technical rigor, and operational excellence.
“The successful return of PEDC Unit 3 reflects the strength of our engineering capabilities, disciplined execution, and the dedication of our people and partners. Beyond restoring generating capacity, this recovery has further strengthened our engineering governance and asset management practices, enabling us to continue delivering safe, reliable, and dependable power to the communities and industries we serve,” said Arnel L. Santos, President and CEO of MGEN Thermal.
The recovery involved comprehensive engineering assessments, forensic investigation, equipment repairs, extensive testing, and close collaboration with original equipment manufacturers, independent technical experts, contractors, and the National Grid Corporation of the Philippines (NGCP) to ensure the unit met stringent technical and operational requirements before returning to service.
PEDC will continue to closely monitor the unit’s performance while completing the remaining engineering enhancements identified during the recovery process. The lessons gained from the restoration will also be integrated into MGEN Thermal’s engineering standards and asset management framework to further strengthen the reliability of its generating fleet.
PEDC owns and operates a 278.4-MW coal-fired power plant in Iloilo City utilizing circulating fluidized bed (CFB) technology. The facility plays a critical role in supplying the power requirements of Panay Island and select areas across the Visayas, supporting regional energy security and economic growth.
