Ayala-led ACEN Corporation has registered a Php 1.9 billion consolidated net income for the third quarter of the year, a 23% jump from the same period last year as the company’s international...
The Energy Regulatory Commission (ERC) has fined the National Grid Corporation of the Philippines (NGCP) a Php5.1 million for not complying with the Department of Energy (DOE) circular requiring the procurement of...
Yuchengco-led PetroGreen Energy Corp. (PGEC) has entered into an investment partnership with Danish firm Copenhagen Energy to develop offshore wind projects in Luzon and in Panay which is seen to generate 4,000...
Ayala-led ACEN Corporation has fully divested from the South Luzon Thermal Energy Corp. (SLTEC), its remaining coal-fired power plant through an energy transition mechanism (ETM). In a disclosure to the Philippine Stock...
The remaining gas from the Malampaya Gas Field could have been used as a stabilizing source of supply to mitigate price volatility in the gas market, rather than allowing a change of...
The Manila Electric Co. (MERALCO) is set to implement rate hikes coming off of simultaneous outages of power plants back in 2013 in compliance with a final ruling by the Supreme Court. ...
Prime Infrastructure Capital Inc. is looking to secure a contract extension for the Malampaya gas-to-power project as it assumes full ownership of the gas field’s operator. The Enrique Razon-led company recently completed...
The Aboitiz Power Corporation has registered a Php 19.5 billion net income for the first nine months of 2022, a 24% from the Php 15.7 billion recorded in the same period last...
The Department of Energy (DOE) is looking to conduct the second round of the Green Energy Auction Program (GEAP) by June next year. In a report by the Philippine Star, Energy assistant...
Shell Petroleum N.V has completed the sale of its shares in Shell Philippines Exploration B.V (SPEX), the operator of the Malampaya Gas project, to Prime Infrastructure Capital Inc. The sale completion transfers...
