ENABLING STRATEGIC ENERGY SHIFT. CVC Asia has entered into an agreement with MPower to transition its Philippine investments, namely Landers Superstore operator Southeast Asia Retail Inc., The Medical City (TMC) operator Professional Services Inc., and FAST Logistics Group to the Competitive Retail Electricity Market (CREM) and the Retail Aggregation Program (RAP). CVC Capital Partners Senior Managing Director Brice Cu, CVC Capital Partners Sustainability Operations Specialist Marc Duque, MPower Head Redel M. Domingo, TMC-Ortigas Executive Vice President and Chief Executive Officer Dr. Ruben Kasala, Fast Logistics Chief Executive Officer Manuel Onrejas Jr., Landers Chief Financial Officer Noel Utanes, and MPower Retail Sales Head Eddie John V. Adug.
Manila Electric Company’s retail electricity supplier, MPower, has strengthened its partnership with private equity giant CVC Asia by transitioning several of its local portfolio companies into the Competitive Retail Electricity Market (CREM) and the Retail Aggregation Program (RAP).
The expanded collaboration includes the renewal of existing accounts and the onboarding of new ones—highlighting MPower’s proactive commitment to delivering competitive, reliable, and sustainable power solutions.
CVC Asia, a private equity arm of global investment firm CVC, backs several major companies in the Philippines such as Landers Superstore (through Southeast Asia Retail Inc.), The Medical City (via Professional Services Inc.), and FAST Logistics Group.
This latest move brings Landers Superstore into the CREM and RAP frameworks, allowing it to tap into aggregated energy sourcing for better electricity rates, more flexible options, and greener power. Facilities covered under the deal include Landers Alabang, Arca South, Arcovia, Balintawak, Nuvali, Fairview, and Otis Manila.
FAST Cold Chain Solutions Inc., the cold storage arm of FAST Logistics Group, also transitioned its Cavite facility into CREM. The shift is expected to help reduce emissions from electricity use, aligning with the company’s environmental sustainability goals.
The Medical City, one of MPower’s long-time partners under CREM since 2014, renewed its contract as well. This guarantees a steady and reliable power supply for its flagship complex in Pasig City. The deal also includes provisions for renewable energy at TMC’s hospitals in Ortigas and South Luzon—further reducing emissions and supporting the institution’s commitment to sustainable healthcare.
“We’re grateful to the MPOWER team and to our portfolio companies for embracing this initiative,” said Brice Cu, Senior Managing Director and Country Head of the Philippines at CVC. “This collaboration is a clear example of how we actively partner with our investee companies to unlock tangible, long-term value. By connecting them to more competitive and sustainable electricity solutions, we’re not only reducing operating costs — we’re also helping build more resilient, future-ready businesses. At CVC, this is how we invest: with conviction, partnership, and a focus on performance.”
The growing collaboration with CVC Asia reinforces MPower’s commitment to serving key economic sectors, particularly in retail, logistics, and healthcare.
“This partnership is not only a significant milestone for our organizations, but also a strong testament to your group’s forward-thinking leadership,” said Meralco First Vice President and Head of MPower Redel M. Domingo.
“The RAP revolution empowers electricity consumers with unprecedented freedom to choose their energy providers and participate in the energy market despite below the prevailing RCOA threshold. This is the very essence of ERC’s Customer Choice Programs – to help make informed energy decisions and empower many small electricity end-users. Your commitment to this program sets a clear and inspiring example for other industry players to follow,” he added.
Under the CREM program, businesses with electricity demand of 500 kilowatts or more can select their preferred energy supplier. Meanwhile, RAP allows smaller users—each consuming below the 500-kilowatt threshold—to pool together as a group and gain access to the same energy choices.
MPower continues to push forward with initiatives that support energy affordability, flexibility, and sustainability through these customer-centric programs.