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Petron Corporation, the country’s largest oil firm, registered a net income of Php6.14 billion in 2021, a reversal from the Php11.4 billion net loss in 2020. The company said it sold 82.24...
Aboitiz Power Corporation posted a 66% increase in net income to Php20.8 billion in 2021 from Php12.6 in 2020. In a disclosure to the Philippine Stock Exchange on Monday, AboitizPower attributed the...
Shareholders of Solar Philippines Nueva Ecija Corp. (SPNEC) have formally approved the increase in its authorized capital stock to 50 billion shares from 10 billion shares, as well as the asset-for-share swap....
SMC Global Power Holdings, the power generating company (genco) of San Miguel Corporation (SMC) is looking to construct a 300-megawatt (MW) liquefied natural gas (LNG) combined cycle power plant worth Php18.5 billion...
Basic Energy Corporation is set to launch its Green Energy E-Transport Project that will roll out electric buses (e-buses) and solarize several gasoline stations in the country. Under the project, Basic Energy...
Basic Energy Corporation will be allotting an initial budget of Php31 million for its 50-megawatt (MW) Mabini Wind Project in Batangas, which will begin construction soon. In a disclosure to the Philippine...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) will be focusing its lending projects on at least 1,600 megawatts (MW) of renewable energy (RE) projects over the next two years. RCBC Corporate Banking Group...
Consunji-led Semirara Mining and Power Corporation (SMPC) recorded a net income of Php16.2 billion in 2021, its highest in 41 years, with profits jumping nearly five times from 2020’s Php3.3 billion. SMPC...
The Department of Energy (DOE) has signed a memorandum of understanding (MOU) with Germany-based MAN Energy Solutions SE (MAN ES) as part of the government’s efforts to develop the country’s downstream natural...
SMC Global Light and Power Corporation and SunAsia Energy, Inc. have challenged Terra Solar’s unsolicited offer to supply 850 megawatts (MW) of mid-merit power to the Manila Electric Company (MERALCO). According to...
