Citicore Energy REIT Corporation (CREIT) has cut its initial public offering (IPO) price to P2.55 per share from a maximum of Php3.15. CREIT said that the reduced price, which comes with an...
Ayala-led ACEN has sold its previously-held Power Barge (PB) 101 to MORE Power Barge, Inc. (MPBI) of business tycoon Enrique Razon for Php126 million. In a disclosure to the Philippine Stock Exchange...
Should he win the presidency, former senator Ferdinand “Bongbong” Marcos, Jr. will consider nuclear energy as a power source for the country, calling it “clean” and “cost-efficient.” Marcos, Jr., in a BusinessMirror...
The National Grid Corporation of the Philippines (NGCP) said it needs 1,776.7 megawatts (MW) worth of firm contracts to cover the grid’s reserve requirements, though it considers itself adequately covered if non-firm...
The Department of Energy (DOE) has released a notice of auction for 2,000 megawatts (MW) of renewable energy (RE) capacity across the three main power grids in the country under the Green...
Aside from its planned asset-for-share swap with its parent firm and the formation of joint ventures, Solar Philippines Nueva Ecija Corporation (SPNEC) may be conducting a stock rights offering (SRO). SPNEC’s plan...
The Senate is set to call for an inquiry on the plans and preparations of the Department of Energy (DOE) and other power industry stakeholders to assure the public that there would...
The first two weeks of May, which include the presidential elections, may be sandwiched by Yellow and Red alerts, particularly in Luzon, if power plants go on forced outages, as with the...
Terra Solar, a renewable energy (RE) joint venture of Leandro Leviste’s Solar Philippines and Enrique Razon’s Prime Infrastructure Capital, Inc., has offered an unsolicited proposal to supply the Manila Electric Company (MERALCO)...
Citicore Energy REIT Corporation (CREIT) and its underwriters are looking forward to the strong interest from investors following the approval of its initial public offering (IPO). BDO Capital and Investment Corporation, one...
